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I'm not a crypto fan so don't take this the wrong way, but I think the crypto answer to "someone stole your private key and is stealing your money" is the same

I'm not a crypto fan so don't take this the wrong way, but I think the crypto answer to "someone stole your private key and is stealing your money" is the same as the non-crypto answer to "someone stole your ATM PIN and is stealing your money." Namely, you ask police and prosecutors to track down the perpetrator to get your money back.

acdha 7y ago
ATMs have security measures like daily download limits, unusual locations triggering denials or ID checks, etc. which cryptocurrencies lack. There's a really big difference between your potential losses being capped zero to a few hundred dollars vs. “everything you own and half of the community will say it was your fault”.
- cdiddy2 7y ago
  No reason you couldn't have some of these features in a crypto wallet. Lots of schemes are being created with with multisig, smart contracts, and social recovery methods. Here is one around freezing transfers not to a known address. https://www.coindesk.com/ethereum-startups-team-to-offer-banking-grade-wallet-security https://www.coindesk.com/ethereum-startups-team-to-offer-ban...
  - b1daly 7y ago
    In reality, the attack surface with crypto’s is ever expanding. There’s no free lunch, and the minimal security provided with crypto currencies is provided at a high cost.