The average value of assets stolen was $97,583. The median figure would be much lower, however, since only 29% of thefts were valued above $10,000, and 39% were valued at $1,000 or less. Here, too, there was a sharp differentiation by age, with 47% of those ages 18-24 reporting thefts of crypto, compared to 8% of those over 55. The report did not specify the average value of crypto holdings.Lax security might account for many of the losses experienced by respondents.
“27% of users keep their crypto stored in an exchange account with no added protection, while only 34% use multi-factor authentication to protect their account.” Ten percent of respondents reported making no effort to protect their crypto, and 14% claimed not to store seed phrases or private keys. The report concluded:
“Without any regulation or established common knowledge, people need to take care to protect themselves.”
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