PANews reported on February 28 that Ethereum co-founder Vitalik Buterin reminded that many users’ crypto asset losses were not due to theft, but rather due to software vulnerabilities, forgotten passwords, device loss, accidental damage to paper wallets, and other reasons.

He pointed out that since there is no attacker to hold accountable, many victims are ashamed to talk about these losses, but such incidents happen frequently in reality. Vitalik emphasized that the security plan of crypto wallets should also consider the problem of asset loss, and called for the promotion of social recovery mechanisms to reduce the permanent loss of assets caused by personal errors.