Do you think security is the Major threat to crypto investment?

[Spaceman1000$]

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

There's a difference between being scammed and being hacked, but your explanation seem to mix the two scenarios together which isn't too clear with what you actually mean. However the best way to secure your crypto or teach people on how to secure their crypto asset is for them to be educated about the subject matter called cryptocurrency. If the person sufficiently education they will know that it will be wrong for them to bank their assets with centralized exchanges, and it will be hard for any scammer to supposedly scam somebody that is very knowledgeable and vast with the crypto environment, so for me, education is the key.

[Die_empty]

You're not wrong, but I think you are overlooking the fact that not everyone in crypto has the knowledge and experience for self custody. That's exactly why exchanges still have a huge user base after years and a long string of hacks.

Besides, even a self custody wallet isn't risk free or 100% safe. Not everyone can protect themselves against phishing, malware or even more sophisticated attacks.

So imo , frequent hacks and scams can definitely shake newcomers' confidence and make them think twice about getting into crypto .

It's not just about self-custody because some wallets also experienced hacks this year (an example is the Coldcard Hardware Wallet). This year was challenging for the crypto industry, and I was surprised that the impact on the price has been minimal. In the past, such hacks would have caused a major loss of value in crypto. Haters of crypto have so much to talk about to push their agenda.

Industry players would have to keep seeking means to keep the system safer. The risk that AI poses should be analysed and handled accordingly. We also have a responsibility to educate people about best practices in the sector.

[Charcol]

Those who know nothing will definitely be fearful, but those who almost know everything because of endless research and past experiences gained, they will not be threaten anymore by security issues.

Bitcoin is risky, we all know that, but having proper risk management and high knowledge on how to maximize safety and security with bitcoin, it will help them to lessen security issues and protect their bitcoin at any cost.

If you have knowledge and experience, you can protect yourself from many types of fraud. Especially many investors unknowingly leave their assets on exchanges or unfamiliar websites and then get into danger. At the same time, it must be accepted that even experienced investors are not completely free from security risks. For example, the $3.4 billion theft in 2025 can be mentioned. There were cases where large exchanges as well as personal wallets were attacked. Even the assets of many experienced investors were stolen there. Therefore, knowing about Bitcoin well does not guarantee safety. Because hackers are also constantly using new techniques. A small mistake by a user can destroy his dreams.

[Oshio-man]

I think so op, a lot of story has happened in the crypto industry that is making other wealthy and poor people to go into other investment because is different from other financial institutions you will take the official to Court for the institution to pay for damage, but crypto investment is not like that which is the reason you have to use what you can afford to lose in crypto investment, scammers has break into some investors wallet without given them details of the wallet but the users did not know solid wallet that is reliable of holding crypto because if you use some reliable wallet, it will be difficult for scammers to gain access to your crypto without you given them details about the wallet.

[Cryptomultiplier]

Those who know nothing will definitely be fearful, but those who almost know everything because of endless research and past experiences gained, they will not be threaten anymore by security issues.

Bitcoin is risky, we all know that, but having proper risk management and high knowledge on how to maximize safety and security with bitcoin, it will help them to lessen security issues and protect their bitcoin at any cost.

If you have knowledge and experience, you can protect yourself from many types of fraud. Especially many investors unknowingly leave their assets on exchanges or unfamiliar websites and then get into danger. At the same time, it must be accepted that even experienced investors are not completely free from security risks. For example, the $3.4 billion theft in 2025 can be mentioned. There were cases where large exchanges as well as personal wallets were attacked. Even the assets of many experienced investors were stolen there. Therefore, knowing about Bitcoin well does not guarantee safety. Because hackers are also constantly using new techniques. A small mistake by a user can destroy his dreams.

The mistake is what users need to be wary of because it is one of the disadvantages of self soverignty. It is in this space we say 'not your keys, not your coins ', because self soverignty demand responsibility in the highest sense and that demand better knowledge and education of security standards which helps the ecosystem more mature and the user more confident in their investment journey and sovereignty and this helps overcome public fear or fear emanating from hacks or red candle movements.

[Obim34]

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

That should be the biggest threat, I am certain I will never lose my asset due to price or market value by being tempted to sell early, but knowing that it could happen when there is a breach of security from my wallet, it can happen from a major hack on a non custodial setup, which may not directly be my fault, but due to wallet vulnerability at the time of attack. Securing our portfolio seems to be much difficult than the process it takes to accumulate Bitcoin.

[GiftedMAN]

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

If I am not mistakenly, this year 2026 may seems to be the worst year in the cryptocurrency history in regards to how often or frequent the crypto platforms are being hacked, this includes gambling site and cryptocurrency wallets at large.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

There's a difference between being scammed and being hacked, but your explanation seem to mix the two scenarios together which isn't too clear with what you actually mean. However the best way to secure your crypto or teach people on how to secure their crypto asset is for them to be educated about the subject matter called cryptocurrency. If the person sufficiently education they will know that it will be wrong for them to bank their assets with centralized exchanges, and it will be hard for any scammer to supposedly scam somebody that is very knowledgeable and vast with the crypto environment, so for me, education is the key.

Op failed to address the main subject of discussion which is hacking but his message is clearly seen and the best thing is not to argue but the need to identify various ways the hacks can be limited or completely stopped.

On the need to educate crypto investors, it will reduce the risk of them being scammed but those who make use of exchanges to hold their coins will need to either do more or self custody or face the risk if exchanges are affected again since it is looking like the hackers are targeting exchanges more.

Personally the investors with greedy attitudes will keep getting scammed and careless investors too but it they can maintain a tight security and then it is possible to avoid scammers same thing exchanges needs to do they need to get means to beat the AI technology that is used by hackers to attack them .

[uchegod-21]

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

Nothing
I think that it is okay to let them know that there are really security issues to be afraid of. If they care about investing in bitcoin, they will do anything to make sure that they avoid anything that threatens the security of their bitcoins. And the most they will do is to learn all the various ways scammers defraud victims and avoid it as well.

The worse mistake will be trying to make people feel relaxed about the security of bitcoin like they already are now. Treating third party platforms like it is live saving. A little concern or fear keeps them on their toes.

I will rather tell  those intending to invest in bitcoin to learn alot about bitcoin so they can protect their bitcoins. They will be at peace with themselves when they are sure that they are doing the right things

[Asiska02]

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

Diversifying your assets into different wallets should be one of the best ways this can be limited to some extent. Every means of savings has being exploited by these hackers, but that doesn’t mean that trust should be lost in them. As long as the market keeps recovering after these hacks, it is convincing enough to say that the cryptocurrency market is not going to crumble by these hacks, we just need to work on more security measures to be taken to help safeguard our investments more.

[Felicity_Tide]

There could be lot of people out there who may be having interest to invest in the market but due to the security lapses around the crypto space, do you think this could discourage people from venturing into the crypto spac?
If yes, what is the methodology that would be deploy to help reduce the rate at which people are getting scammed?

No, I don't think so. I've noticed that there have been far more concerns about security lately, and it all boils down to recent major attacks. But mind you, it's also important to understand that security threats have always been part of the crypto space... We've always had bad actors around, and they're obviously not going to leave the space for anyone. Well, like I shared in a different thread, I believe everyone involved will probably make adjustments to protect themselves as time goes on.

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

I personally can't suggest anything because bad actors have always been around, but like I said before, those who are already involved will eventually make adjustments.

[DYOR+BTC]

I think so op, a lot of story has happened in the crypto industry that is making other wealthy and poor people to go into other investment because is different from other financial institutions you will take the official to Court for the institution to pay for damage, but crypto investment is not like that which is the reason you have to use what you can afford to lose in crypto investment, scammers has break into some investors wallet without given them details of the wallet but the users did not know solid wallet that is reliable of holding crypto because if you use some reliable wallet, it will be difficult for scammers to gain access to your crypto without you given them details about the wallet.

Although I will say security stands as the majoy reason behind  investment diversification many major investors have done lately because its heartbreaking seeing an investor lose all because of a minor mistake that can be controlled if it where to be in other investment ground.
The security of many assets have been under threat for some time now because of the constant scamming activities noticed in the crypto space and has made many choose to diversify into other options to keep their wealth save.
The same way they have found access to this broken wallets may be how they will get into the stronger once but we need just to be very careful.

[adultcrypto]

Before now people were afraid of scam which was also very common in cryptocurrency, later on the fears grew and reached volatility. But lately, none of those things seem to matter because there is a bigger problem which is security concerns as a result of the various attacks that happened both to exchanges, casinos and even open source infrastructures. Everyone is worried about security including impending threat of quantum computers.

[Adiljutt156]

No doubt, one of the major threats to crypto adoption is security. But unfortunately, it is not only a threat to crypto. There are many potential investors and they are being discouraged because of different reasons including phishing attack, exchange hacks, fake platforms and also because of wallet compromise. I think that industry need now stronger security measures along with investors education in order to work. People should also have basic knowledge. They should learn that how to protect their private keys. They should know how to use hardware wallets and enable 2FA. They should also try to avoid suspicious links. Exchanges should also improve their security systems. They should also take the responsibility and also conduct regular audits. This adoption of crypto will remain difficult for people who are constantly in fear of losing their investment.

[Woodie]

At this point yes it is!!

If Industry experts like the top exchanges are getting hacked, how do you expect an ordinary person to survive?
If top brand wallets (hardware wallets) are getting compromised, how or who will guarantee the security of an ordinary crypto user.. honestly if we can get over this hurdle of security, then adoption will grow fast but for now.. people are proceeding with caution.

[Questat]

No doubt, one of the major threats to crypto adoption is security. But unfortunately, it is not only a threat to crypto. There are many potential investors and they are being discouraged because of different reasons including phishing attack, exchange hacks, fake platforms and also because of wallet compromise. I think that industry need now stronger security measures along with investors education in order to work. People should also have basic knowledge. They should learn that how to protect their private keys. They should know how to use hardware wallets and enable 2FA. They should also try to avoid suspicious links. Exchanges should also improve their security systems. They should also take the responsibility and also conduct regular audits. This adoption of crypto will remain difficult for people who are constantly in fear of losing their investment.

Indeed, bitcoin becomes more complex due to its security threat. But can we do something about this? All we can do is to maximize protection of our bitcoin by doing all safety measures that we all know, and do what is right for bitcoin, but we can't totally control those who have planned out attacks for bitcoin. This is one of the reasons why people are easily discouraged about bitcoin, especially those who are lazy to take some research and study about risk management.

Bitcoin is undeniably highly risky, the reason why we should only invest what we can afford to lose and secure our bitcoin in everything that we do.

[Churchillvv]

What do you think can help to avert away the fear in people's eyes in regards to the negative news on cryptocurrency hack as we may know?

For those who have accepted paper crypto I think it’s best for them to continue in such direction and not bother with self custody since there is lapses every now and then, if they can still invest through companies with guarantee of funds even if there exist a hack then that will be best option for a lot of new entries but for them who are privacy oriented then airgapped wallets or devices is always the best option in a cold wallet.

[terrific]

At this point yes it is!!

If Industry experts like the top exchanges are getting hacked, how do you expect an ordinary person to survive?
If top brand wallets (hardware wallets) are getting compromised, how or who will guarantee the security of an ordinary crypto user.. honestly if we can get over this hurdle of security, then adoption will grow fast but for now.. people are proceeding with caution.

We will definitely survive this era of crypto. It's all happening at once quickly but it will slow down.
The fear from exchanges and hardware wallets is real. And this is making us trying to survive this moment.
There goes the other ways of storing our crypto, the desktop and software wallets.
But it's already a no for those exchanges and any other wallet they are associated with.
Even if they have proven that they have funds to cover the losses, it's not the same about preventing hacks from happening.

[Royal Cap]

I don't think such hacks are a threat to cryptocurrency. Rather, I googled and historically found that such hacks have occurred before every Bitcoin bull season. Below I have quoted what I found through a Google search.  

• 2012-2013 First Big Run: Just before the start of Bitcoin's first big bull run, the Bitcoinica exchange and BitFloor (from which 24,000 Bitcoins were stolen) were hacked in 2012.
• 2015-2017 Cycle (Bitfinex Hack): Just before the historic 2017 bull run, Bitfinex, one of the largest exchanges at the time, was hacked in August 2016 and around 119,756 Bitcoins were stolen from the platform. While this caused a major shock to Bitcoin's price at the time, it did not stop the massive bull run of 2017.
• 2020-2021 Cycle (KuCoin and Protocol Hack): Just after the new bull run started with the Bitcoin halving in May 2020 (September 2020), $281 million worth of crypto and Bitcoin were hacked from the KuCoin exchange.
• Current Cycle 2024-2026 (DMM Bitcoin and recent Binance): Just after Bitcoin completed its halving in April 2024 and was heading towards a new all-time high, 4,502 Bitcoins (worth about $308 million) were hacked from the Japanese DMM Bitcoin exchange in May 2024. Even more recently (October 2026), the largest $6.3 billion Binance Hack in crypto history occurred.

However, it is worth noting that the Bitcoin blockchain is never hacked. It is always a third party provider or exchange that is hacked.

But yes, the amount of hacking is a little higher now. I think the reason for this is that the AI ​​revolution is currently underway, due to which hackers are able to speed up their hacking process. But hopefully, when this revolution is complete, the number of hacking incidents will decrease a lot. So none of us can predict the future.

[Ever-young]

Yes security is one of the problems but i dont think that is the major problem. I’m saying this because if an individual could look pass all the bad sides  evolving in bitcoin, i dont think security will be the problem because there’s no asset assets with 100% lifetime safety. Every single asset you can think of has that factor that’s always discouraging and it’s never far from insecurities.

I understand the fact that speculations and evidences has it that this year recorded the highest incident of hacking but it doesn’t make any asset safer.
People always say it can happen to anyone but with all honesty; it can never happen to some people, with all this happenings some wallets are still stronger than a rock with zero panics.

One just have to be calculative enough not to fall victim of scams, as the slightest information can Robb you off your holdings, and protect your keys as well as you can. While hoping on an investigative research to find the problem and fix it, always know you’re responsible for your asset and protecting it enough is your responsibility.

So security ain’t really the major problem because so far it’s just been this year it happened subsequently, and hacking ain’t just applicable to cryptocurrency.

[Perfectbaby]

Before now people were afraid of scam which was also very common in cryptocurrency, later on the fears grew and reached volatility. But lately, none of those things seem to matter because there is a bigger problem which is security concerns as a result of the various attacks that happened both to exchanges, casinos and even open source infrastructures. Everyone is worried about security including impending threat of quantum computers.

Of course, that is what I am saying because when they ever consider all these it would definitely limit them from accessing the space because they wouldn't want to be facing same security problems out there.
But whomever that would be able to consciously know about the threat and prevent them on time then it would be that easier for them to know how to follow up to avoid being hacked or scammed. And yes we know that scammers are putting efforts to make sure they brute force into some of the major sites it could be gambling sites or exchanges but the more everyone seat up the better for them to secure their platform.