Frequent hacks is surely a serious issue happening in the crypto industry and the fact that these hacks are increasing every year shows how bad people are at securing their coins.
The only way they can avoid being hacked is by keeping their security at peak and this can only be done if they are tech savvy enough to have a good protection.
The only way they can avoid being hacked is by keeping their security at peak and this can only be done if they are tech savvy enough to have a good protection.
As mentioned in the OP, most of the victims are elderly. Even if you provide them with resources, they tend to prefer simplicity and may remain old school, making it harder for them to adapt and learn. This is one reason some argue that crypto has contributed to an increase in hacking and scams. However, we can’t stop crypto just because of this, as its positive impact far outweighs the negatives.
I’m not sure how the government plans to address this issue, but they need to act, especially since these scams target the hard-earned money of the elderly. Many of these victims lose their life savings, which are often meant for essentials like medicine, rent, and other retirement expenses. With just one wrong move, scammers can take everything from them, leaving them in a vulnerable position. It’s a serious issue that needs attention.
However, the more crypto is on the ears of the people and more funds flow to it - of course, the products and other things related to it would become bigger targets for the hackers to work with, due to the reward for it in the end.
