Oobit Study: Human Error Drives Crypto Lockouts, Affecting 35% of Holders

An Oobit study of 1,000 U.S. crypto holders found that 35% have lost access to a wallet or account, most often due to human error rather than hacking. The leading causes were forgotten passwords or login failures (33%), lost seed phrases (21%), and losing 2FA access (20%), while platform bankruptcies accounted for 16%. Among those locked out, more than 1 in 10 said a single incident cost them over $5,000, and the median reported loss was 30% of total crypto holdings.