Vitalik: In addition to theft, there are also losses of crypto assets due to being lost, and the application of social recovery mechanisms should be promoted

ChainCatcher message, Ethereum co-founder Vitalik Buterin reminds that many users' losses of crypto assets are not due to theft, but rather due to software vulnerabilities, forgotten passwords, lost devices, accidental damage to paper wallets, and other reasons.

He pointed out that since there are no attackers to hold accountable, many victims are ashamed to discuss these losses, but in reality, such incidents occur frequently. Vitalik emphasized that the security solutions for crypto wallets should also consider the issue of asset loss and called for the promotion of social recovery mechanisms to reduce permanent losses of assets due to personal errors.