More than half of Russians are not ready to switch to cryptocurrency assets due to the need to independently weigh financial risks
Most Russians believe that it is the banks or the state that should be responsible for fraudulent transactions and take on the financial risks associated with bank cards. This was reported by RBC, citing a study by the NAFI analytical center.
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According to the survey, over half of the respondents (51%) are of the opinion that it is the bank that should compensate for the damage from fraud. At the same time, 17% of respondents are sure that the state should compensate for financial losses. About a third of the respondents said that the fault lies with the bank’s client.
More than 156 thousand Russian citizens from 53 regions of the country took part in the survey.
Cryptocurrencies and financial risks
Meanwhile, in the cryptocurrency market, responsibility and financial risks associated with possible theft or loss of control over assets are shifted to the holders of private keys from crypto wallets. Despite frequent incidents with decentralized finance (DeFi) protocols and cryptocurrency exchange hacks, the biggest damage to the integrity of the ecosystem comes from the owners of cryptocurrencies.
For example, a former Ripple employee, Stefan Thomas, lost the keys to a bitcoin wallet that stores 7,000 bitcoins. At the current exchange rate, the value of assets is almost $ 241 million. Often, users incorrectly indicate the addressee, as a result of which, funds are lost forever.
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At the end of December, the BeInCrypto editorial staff reported that the user mistakenly sent 4,005 LINK tokens (current value ~ $ 79,000) to the smart contract. Due to the lack of backward compatibility of the contract with LINK tokens, the user forever lost almost $ 80 thousand in cryptocurrency. However, the human factor is not far from the only reason for the loss of cryptocurrencies.
The analytical company Chainalysis found that the frequency of theft of cryptocurrencies through malicious software (software) in 2020 increased by 311% compared to 2019. Thus, over the past year, attackers were able to steal about $ 350 million in cryptocurrencies using malware.
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