I am wondering, can we not devise an effective and special technology that can be utilize in case of hacks or frauds? Given the advances of cryptocurrency and the blockchain we are experiencing right now, is it even possible?
The best way to resolve this cases of hacks and frauds is to prevent them because once your bitcoin is gone, it's gone for good. Now, the thing is this ties to the '' problem'' of anonymity because once blockchain is anonymous, even if you find the place(bitcoin adress) where your bitcoin is you cannot do anything. Also police doesn't have much knowledge at all about cryptocurrencies so they also cannot help you with this.