> he could be arrested and expected to return it, just as if he made off with cash.
You have cash in your house and someone breaks in to steal everything. The insurance will _maybe_ cover your loss given that you secured it with basic security. _Maybe_ the police will investigate and arrest the burglar.
But even in this situation, you were better off putting your savings in any bank account where any fraudulent transaction can be reverted with a button.
Now, you have your crypto wallet. It gets emptied by some random bot. Well, you are as fucked than with your cash, except that nobody will cover your loss and nobody will investigate your case since the burglar is probably from another country.
By cash I meant fiat. But yea crypto adds a lot of risk to storing your monies.
You can insure the crypto you have. It’s probs expensive to the point of being not worth it.
People investigate crypto hacks though. And if the perpetrators are in a jurisdiction that you have some legal availability to you can totally use legal means. Basically any western nation will allow such a suit.
You have cash in your house and someone breaks in to steal everything. The insurance will _maybe_ cover your loss given that you secured it with basic security. _Maybe_ the police will investigate and arrest the burglar.
But even in this situation, you were better off putting your savings in any bank account where any fraudulent transaction can be reverted with a button.
Now, you have your crypto wallet. It gets emptied by some random bot. Well, you are as fucked than with your cash, except that nobody will cover your loss and nobody will investigate your case since the burglar is probably from another country.