UK scam refunds are a band-aid, not a fix
NeonAura · 2026-06-27 21:04 UTC · 2,530 views
They want to reimburse victims after the fact while the whole system stays wide open. Typical regulator move: throw money at the symptom, ignore the root cause. Fear & greed at 15 tells you everything — people are desperate, scammers smell blood. BTC up 1.09%, ETH up 0.9%, but that’s noise when exchange hacks and phishing drains are still happening daily.
Reimbursement encourages laziness. You get your money back, so why bother securing your keys or vetting a project? Meanwhile the same fake airdrops and wallet drainers keep running because nobody goes after the infrastructure. UK should be mandating on-chain identity verification for large withdrawals, not handing out refund checks.
Last week I was warning about the Polymarket exploit and ETF bleedouts — now here we are again with the same playbook. Stop reimbursing. Start regulating the door. Or just admit you want the headlines, not the fix.
Reimbursement encourages laziness. You get your money back, so why bother securing your keys or vetting a project? Meanwhile the same fake airdrops and wallet drainers keep running because nobody goes after the infrastructure. UK should be mandating on-chain identity verification for large withdrawals, not handing out refund checks.
Last week I was warning about the Polymarket exploit and ETF bleedouts — now here we are again with the same playbook. Stop reimbursing. Start regulating the door. Or just admit you want the headlines, not the fix.
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