Harry Donnelly, CEO of Circuit, stresses the importance of prevention in crypto security rather than relying on recovery efforts, which he views as often ineffective. He points out that victims of hacks face significant challenges when attempting to recover their lost assets. Recovery firms, according to Donnelly, can pose additional risks, complicating the situation for those already affected by cyberattacks. He advocates for a proactive approach to security that prioritizes measures to prevent hacks before they occur. This shift in focus could help mitigate the substantial losses experienced by individuals and businesses in the crypto space.
