Money 20/20 USA: Blockaid CEO Ido Ben-Natan on why stolen crypto rarely returns
Money20/20
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5m 29s
More than $1.1 billion has been stolen in major crypto hacks this year, and victims have recovered less than 1% of it. Ido Ben-Natan, Co-Founder and CEO of Blockaid, sits down with JD Durkin at Money 20/20 USA in Las Vegas to explain why. Ben-Natan breaks down what makes digital assets so different from other cyber targets: once attackers gain access, they can move funds in seconds, and with no physical asset to reclaim, recovery becomes nearly impossible, even when the stolen money is sitting in known wallets. He shares how Blockaid, which works with companies like Coinbase, Kraken, Gemini, Fidelity and BNY, stops attacks before they happen by simulating transactions and flagging risks before anyone signs. He also explains why the biggest emerging threat is speed and volume, with security teams now facing incidents every day and only seconds or minutes to respond.
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