IOTA is just some kind of study they released into the wild without thinking it through. Technology wise it is certainly interesting. But information security elements such as a simple password protection of your wallet were and are still completely ignored.

See it as a development project in its early stages. Nobody should put any money in this, unless you wrote it down already and want to make someone else happy.

IOTA is a black hole. Simply as that and as proven multiple times in the short history of this project.