Vitalik: A wallet security solution that supports “social recovery” needs to be built

CoinRank News: Vitalik posted on X that in addition to stolen, many people have lost a lot of cryptocurrency due to loss. Software vulnerabilities, forgotten passwords, lost devices, paper wallets burned in the Los Angeles fire, data not backed up during device upgrades... There are many ways for this to happen. Since there is no attacker to hold accountable, victims do not have a strong need to talk about these things, and they often feel that they can only blame themselves. Victims will feel ashamed and unwilling to mention it. This situation does happen, and it happens often. Vitalik finally said: The truly powerful wallet security solutions that our ecosystem needs to build should also take the factor of loss into account, which is why I always mention social recovery. An important reason.