I don't think that follows from the published attack at all.
As Bruce Schneier wrote nearly a quarter century ago "Anyone, from the most clueless amateur to the best cryptographer, can create an algorithm that he himself can’t break."[0] The only way to get good cryptosystems is to get as many cryptographers as possible, outside of the ones who invented them, to attack those cryptosystems in as many ways as they can think of.
But people come up with cryptosystems all the time. How do researchers decide which ones are worth attacking? And, how do we know that enough researchers have spent enough time attacking any given cryptosystem to conclude that, if none of them have found a flaw by now, then it's plausible that the system might hold up for another 10-20 years or so in widespread use?
One of the best ways we've come up with is, have people submit a bunch of proposals to a regulatory agency (like NIST), who then with advice from academia and industry create a shortlist of likely candidates, and finally advertise those as the ones that as many people as possible should try to break. And for any who do find weaknesses, you get to publish a paper about it and receive a bunch of recognition - rather than finding a weakness in a system no-one cares about and getting nothing.
This is the kind of result that standardising encryption algorithms is meant to produce. It's meant to leverage widespread expertise to find the weaknesses in systems before they start to get widespread use.
[0] https://www.schneier.com/crypto-gram/archives/1998/1015.html...