I think the bigger problem is people who are intentionally being malicious rather than people who stumble upon a bug. Just look at how many people fall for wire

I think the bigger problem is people who are intentionally being malicious rather than people who stumble upon a bug. Just look at how many people fall for wire transfer or gift card scams. Crypto allows scammers to do that much more easily, since there is no human in the pipeline to flag transactions, and since there aren't the same limits that banks put in place on transactions. If someone finds a way to exploit a particular pattern/transaction type/etc. it's not like you can just immediately patch it when you have a decentralized currency. Ex. in an Bitcoin wallet malicious actors could show any text they wanted in an update popup [0]. So of course this was immediately used to steal millions. With crypto all it takes is one piece of malicious software, or to fall for a single phishing email, and you've lost everything. [0] https://www.zdnet.com/article/bitcoin-wallet-trick-has-netted-criminals-more-than-22-million/ https://www.zdnet.com/article/bitcoin-wallet-trick-has-nette...