For a supposedly secure currency, there are a lot of crypto thefts. Why?

Bitcoin, one of the cryptocurrencies. THE CANADIAN PRESS/AP-Kin Cheung Copyright 2021 The Associated Press. All rights reserved

By The Big Story

Posted May 30, 2022 6:13 am.

In today’s Big Story podcast, you see them in the headlines every week or so: Hundreds of thousands — more often, millions — of dollars in cryptocurrency or NFTs, stolen by hackers or scammers who lured their victims into providing access to their secure wallets, only to empty them out.

As more and more non-experts jump into the scene, encouraged by big stars in high-priced commercials and dreaming of riches, there’s more money than ever out there for the taking. Is crypto safe? How can you spot a scam? Does it need regulation? Or does it just need to come with a disclaimer — the same way legal gambling does?

GUEST: Jacob Silverman, writing in The New Republic

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You can also find it at thebigstorypodcast.ca.

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