The crypto market has experienced another drop, resulting in nearly $1 billion in lost leveraged positions. However, Ethereum co-founder Vitalik Buterin believes that the industry focuses too much on preventing theft and neglects the other side of security - protecting users from themselves. Buterin advocates for social recovery solutions to help users regain access to their lost crypto, even in situations where there is no one to blame. Many individuals have lost significant amounts of crypto due to various reasons such as software bugs, forgotten passwords, lost devices, or even accidents like a paper wallet burning down. Others in the industry, including MetaMask and a Ripple developer, support Buterin's position on the importance of prioritizing security.



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