Cryptocurrency scams cost owners $7.7B in 2021, driven by DeFi-based “rug pulls”
This is my biggest complaint against cryptocurrencies in general.I'm happy with my bank's fraud protection. How can crypto users protect themselves without recreating traditional banking?Bitcoin was released ~13 years ago, and wallet/transaction security has been one of the most important requirements since then (along with scalability, but let's not go there). If trillion dollar market caps and god-knows-how-many billions of investment couldn't figure out how to protect consumers after 13 years...