Physical security risks of hardware wallets outweigh their digital benefits

Overview Debates Related claims Topics Sources

Crypto holders should use offline phones instead of hardware wallets

Many crypto exchanges are not collaborative enough with police investigations into theft

Crypto exchanges can offer insurance and inform users about measures in place after a theft occurs

Crypto exchanges can implement measures like wallet whitelisting, transfer waiting periods, and KYC to make theft more difficult

THORChain should block the cryptocurrency addresses linked to the Bitget hack

White-hat hackers are justified in preemptively sweeping vulnerable user crypto wallets

Duelbits has failed to maintain the security standards necessary to protect its users

Mandatory cyber-resilience certification for DeFi protocols goes too far in restricting decentralized innovation

DeFi protocols, not oracle providers, bear primary responsibility for securing their price feeds

Crypto bridges should require multiple approvals even if transfers take longer

Crypto exchanges should be able to temporarily freeze and investigate funds suspected of being illicit or stolen

It is reasonable to expect exchanges to implement preventative measures, not to pursue thieves themselves

Pursuing and catching thieves is the job of the police, not crypto exchanges

Whitehat researchers are justified in transferring user assets without consent to protect them from exploits

Cooperating with law enforcement to freeze stolen assets compromises cryptocurrency's core principles

Security auditors should be held financially liable for missed blockchain vulnerabilities

Crypto exchanges should take a more proactive role in helping police catch thieves

Crypto custodians should start moving customer assets to quantum-resistant systems now

Decentralized protocols should maintain emergency pause mechanisms for token conversions

Catching crypto thieves is the exchanges' job more than the police's