Why do users continue to lose crypto assets |

[Cryptoverse]

Many believe that two-factor authentication and hardware wallets completely solve the security problem. In practice, this is not the case. Most major losses today are not due to hacking of the technologies themselves, but to user error and manipulation by attackers.

Users can:

• independently transfer data to scammers;
• sign a malicious transaction;
• connect your wallet to a dangerous service;
• install an infected browser extension;
• follow a fake link.

Even the most reliable security tools require an understanding of how they work and adherence to basic digital security rules.

A hardware wallet securely isolates a private key, but it cannot determine whether the transaction the user is signing is secure. This is why phishing and social engineering remain among the leading causes of asset loss.

Another common problem is improper storage of the seed phrase: storing it digitally, entering it on fake access recovery pages, or compromising it through malware.

Unlimited smart contract permissions and attacks on the user's device, such as spoofing the recipient's address with malware before confirming a transaction, also pose risks.
Even modern security tools cannot completely eliminate these risks. The security of cryptoassets depends not only on the tools chosen but also on the user's attentiveness when working with transactions, services, and smart contract permissions.