Why don’t most crypto wallets have real multifactor authentication?
With a traditional self custody wallet, your private key is the authorization. If someone steals your seed phrase or private key, they can import it into another wallet and move your funds.
No password needed.
No authenticator needed.
No security alert can stop it.
Even adding Google Authenticator to a wallet app wouldn’t fully solve the problem. An attacker with the private key could simply bypass that wallet entirely.
The technology exists to do better.
Smart accounts, passkeys, multisig, hardware based signing, spending limits, and on chain security policies can make stealing a single credential much less catastrophic.
Crypto has spent years focusing on decentralization and self custody.
But here's the question:
Why doesn’t your blockchain prioritize your safety?
The problem won't be fixed until these companies start prioritizing your safety over their spotlight.
Stay safe fam. You are the beacon.