Crypto’s recovery requires more aggressive solutions to fraud

Extracto:After 2022, we need to do more to assure skeptical users that they can invest in cryptocurrency without fearing that their funds will be lost.

It‘s hardly an exaggeration to say that our industry is facing tough times. We’ve been in the midst of a “crypto winter” for some time now, with the prices of mainstays, including Bitcoin (BTC) and Ether (ETH), tumbling. Likewise, monthly nonfungible token (NFT) trading volumes have fallen more than 90% since their multibillion dollar peak back in January of this year. Of course, these declines have only been exacerbated by the numerous black swan events rocking the crypto world, such as the FTX and Three Arrows Capital meltdowns. Taken together, it shouldnt be a surprise that crypto is facing a trust deficit.

毫不夸张地说,我们的行业正面临艰难时期。一段时间以来,我们一直处于“加密货币冬天”之中,包括比特币 (btc) 和以太币 (eth) 在内的主流价格暴跌。同样,自今年 1 月达到数十亿美元的峰值以来,月度不可替代代币 (nft) 交易量下降了 90% 以上。当然,这些下跌只会因众多震撼加密货币世界的黑天鹅事件而加剧,例如 ftx 和三箭资本崩溃。总而言之,加密货币面临信任赤字不足为奇。

While the destructive actions of reckless CEOs must be addressed and the individuals responsible for these events must be held accountable, our industry canot stop there if we are to rebound. To address the trust deficit that crypto faces, better security for the end user against the threat of scams and hacks must be a priority.

虽然必须解决鲁莽 ceo 的破坏性行为,并且必须追究对这些事件负责的个人的责任,但如果我们要反弹,我们的行业不能就此止步。为了解决加密货币面临的信任缺陷,必须优先考虑为最终用户提供更好的安全性以抵御诈骗和黑客的威胁。

Don‘t think so? According to research firm Chainalysis, $3.2 billion worth of digital assets were stolen in 2021. It’s not looking better for our industry this year, with $718 million in overall hacking-related losses having been reported in October alone. When it comes to scams, the picture darkens as report after report shows that known crypto scams, such as rug pulls and wallet drainers, are on the rise. Between July 2021 and August 2022, an eye-popping $100 million in investor funds were lost through unsophisticated NFT scams. And this number is likely an under-count given that most NFT scams are micro-scams impacting individual users that never get reported.

不这么认为?根据研究公司 chainalysis 的数据,2021 年价值 32 亿美元的数字资产被盗。今年我们行业的情况并不好,仅 10 月份就报告了 7.18 亿美元的与黑客相关的总体损失。说到诈骗,情况变得越来越糟,因为一份又一份的报告显示,已知的加密货币诈骗,例如地毯拉骗和钱包骗局,正在增加。 2021 年 7 月至 2022 年 8 月期间,通过简单的 nft 骗局损失了惊人的 1 亿美元投资者资金。考虑到大多数 nft 骗局都是影响个人用户且从未被举报的微型骗局,这个数字可能被低估了。

Related: Developers could have prevented crypto's 2022 hacks if they took basic security measures

相关:如果开发人员采取基本的安全措施,他们本可以防止加密货币的 2022 黑客攻击

Phishing links trick end users into emptying their wallets. Front-runing schemes with videos promising “HUGE RETURNS” to convince people to download bogus software that gives con artists access to their assets. Even direct attacks that disrupt bridges like Ronin and Nomad. Look around and you‘ll see that scams and hacks aren’t just costing the crypto industry billions in digital assets — theyre eroding trust in crypto in a more meaningful way than even the black swan events of 2022.

网络钓鱼链接会诱骗最终用户掏空他们的钱包。带有承诺“巨额回报”的视频抢占计划说服人们下载假冒软件,让骗子可以访问他们的资产。甚至像 ronin 和 nomad 这样破坏桥梁的直接攻击。环顾四周,您会发现诈骗和黑客攻击不仅让加密行业损失了数十亿美元的数字资产——它们正在以比 2022 年的黑天鹅事件更有意义的方式侵蚀人们对加密的信任。

Sure, we can shun and cast out the Sam Bankman-Frieds and Do Kwons and all the other bad-actor CEOs. But if we want to convince the general public and customers that crypto is safe to interact with and invest in, we must tackle the problem of scams and hacks head-on.

当然,我们可以避开并驱逐 sam bankman-frieds 和 do kwons 以及所有其他行为不端的 ceo。但是,如果我们想让公众和客户相信加密货币可以安全地进行交互和投资,我们就必须正面解决诈骗和黑客问题。

How exactly can we make Web3 safe for all? The basic principles of cryptocurrency lie in decentralization, transparency and immutability. Crypto should be for everyone, and for that to be the case, we as an industry must lower users‘ required effort and associated level of risk with regard to getting started with crypto, whether that’s purchasing or trading NFTs, or buying and selling Bitcoin. As it stands, crypto is too complex and difficult for everyday people to understand. With the absence of better tooling and anti-scam software, its simply too easy for scams and hacks to take place and spread.

我们究竟如何才能让 web3 对所有人都安全? 加密货币的基本原则在于去中心化、透明和不变性。加密货币应该适合所有人,为此,我们作为一个行业必须降低用户在开始使用加密货币时所需的努力和相关的风险水平,无论是购买或交易 nft,还是买卖比特币。就目前而言,加密对于普通人来说过于复杂和难以理解。由于缺乏更好的工具和反诈骗软件,诈骗和黑客攻击很容易发生和传播。

Related: 5 tips for investing during a global recession

相关:全球经济衰退期间的 5 个投资技巧

The development of anti-scam tools is certainly one way our industry could turn the tide against scams and hacks. Continually increased investment in security layers, and systems to compensate users in the event of hack or scam-related losses will help. But if the cost and headache of security for end users remains higher in crypto than it is in traditional finance, robust mainstream adoption will never occur. This is perhaps our biggest barrier to rebounding as an industry and onboarding the next 100 million users.

反诈骗工具的开发无疑是我们行业扭转诈骗和黑客攻击潮流的一种方式。不断增加对安全层的投资,以及在发生黑客攻击或诈骗相关损失时补偿用户的系统将有所帮助。但是,如果最终用户的成本和安全问题在加密领域仍然高于传统金融领域,那么稳健的主流采用将永远不会出现。这可能是我们作为一个行业反弹并吸引下一个 1 亿用户的最大障碍。

The first step in solving a problem is recognizing one. Our industry has a trust deficit, and scams and hacks have just as much to do with it as the FTX and Three Arrows debacles. Crypto is often colloquially referred to as a “dark forest,” where transacting parties that are identified as exploitable typically end up exploited (or destroyed). I personally don‘t want to live in a dark forest, and neither do users. It’s on us to create a lighted path forward. End-user security cant be just a buzzword for our industry anymore — it must be a key pillar of our turnaround.

解决问题的第一步是认识一个问题。我们的行业存在信任赤字,诈骗和黑客攻击与 ftx 和三支箭的崩溃一样重要。加密通常被通俗地称为“黑暗森林”,其中被确定为可利用的交易方通常最终被利用(或被摧毁)。我个人不想生活在黑暗的森林中,用户也不想。我们有责任开辟一条光明的前进道路。最终用户安全不再只是我们行业的流行语——它必须成为我们扭转局面的关键支柱。

Riccardo Pellegrini is the co-founder and CEO of Web3 Builders. He served previously in positions including head of product for Amazon Web Services' Data Exchange, and as CEO of Crossfield Digital. He finished his undergraduate career and obtained an MBA both at Harvard University.

riccardo pellegrini是 web3 builders 的联合创始人兼首席执行官。他曾担任过 amazon web services 数据交换产品负责人和 crossfield digital 首席执行官等职务。他在哈佛大学完成了本科生涯并获得了 mba 学位。

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