Operating in crypto requires a form of higher risk aversion. The funds here are volatile, meaning you could be a millionaire one night, then back to your principal—or less—the next. It’s not like stock trading, where regulators and brokers act as guardrails. In crypto, you are the bank, and with that freedom comes exposure that most people underestimate.
When a hacker drains your wallet, it’s not just a financial hit. It’s psychological—like watching your safe being emptied in broad daylight with no one to stop it. But before writing it off as gone forever, there are some steps and legal nuances worth knowing.