The IOHK executive argued wallet, bridge and AI agent coverage is essential after years of hacks, and said Midnight addresses a gap the industry has urgently needed to fill.
Charles Hoskinson said the crypto industry cannot endure another 15 years in which users keep losing funds to hacks, arguing that insurance for wallets, bridges and AI agents is necessary for broader mainstream adoption. He described Midnight as something the industry has "desperately needed," framing it as a response to a longstanding weakness in crypto infrastructure and user protection. The remarks underscore a recurring barrier to adoption: repeated losses from security failures can deter retail and institutional users unless risk-management tools become more common.