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Vitalik: Many people have suffered significant losses of cryptocurrency due to misplacement rather than theft. When building a wallet security solution, the scenario of loss should be taken into consideration.

2025-02-28 14:28

BlockBeats News, February 28th, Ethereum co-founder Vitalik Buterin posted an article stating, "Many people have lost a large amount of cryptocurrency not due to theft, but to loss. This situation has occurred through software bugs, forgotten passwords, lost devices, upgrading devices without backing up data, and other means.


Because there is no attacker to blame, victims often do not have a strong incentive to discuss these issues. Our ecosystem truly needs to build robust wallet security solutions that also take into account losses. (This is also why I emphasize social recovery so much.)"

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