From Social Engineering to Quantum Threats: Safeguarding User Wallets with FailSafe

Abstract: While cryptocurrencies have been rapidly gaining adoption, secure wallet interactions are still elusive for many users, which frequently leads to loss of funds. Here we propose an approach to securing interactions with cryptocurrency wallets for end-users. The approach called FailSafe consists of several defence-in-depth measures that can be applied near-term as well as a tool called qMig for aiding eventual quantum migration.