[Crypto hackers steal $3 billion in 2022, set to be biggest year for digital-asset heists]
1) The crypto bros fantasize about how immutable and strong their database (blockchain) is.
Except that *no one* ever uses a bare database.
Scams and hacks *always* take place at the system interfaces. Blockchains solve a security problem that never existed.
2) Any IT system, blockchain included, requires user interfaces for the average person to use: Centralized exchange platforms, apps, physical keys.
All these are *extremely* vulnerable and the target of many hackers who have a field day.
The worst thing is that, unlike banks, none of these systems are insured. With each hack, users loses everything, permanently.
Blockchains would be extremely secure if they had no users. This is not the case.
3) Note that this estimate *only* accounts for large / collective hacks that have been recorded.
Thousands more individual hacks of wallets / mobiles apps / fishing happen daily.
4) Complaints about stolen cryptos are soaring
https://www.americanbanker.com/news/complaints-about-crypto-are-soaring-is-a-cfpb-crackdown-imminent
As people more heavily use exchanges and other providers of digital-asset-related services, they're registering more beefs with the Consumer Financial Protection Bureau, too. Experts say it's only a matter of time before the agency invokes its broad authority to police the sector.
Christopher Korn
Franck Leroy
Kevin Karhan 
sortius