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by handmodel 1719 days ago
One important thing to note is that in traditional finance if the money gets sent to person B, because person B hacked my e-mail, there is an enforcement mechanism to get the money back.

However, this is not as true for crypto. If I steal 5M from your account and put it into mine then you can't get the money back if I don't give up the key. And, while the state will personally arrest you, they are going to be a lot less likely/able to recoup any crypto.

1 comments

There’s an interesting court case on this going on now.

https://krebsonsecurity.com/2021/08/man-robbed-of-16-bitcoin...