Francois Le Nguyen, an angel investor and former general manager at Entrepreneur First, is among the victims of crypto scams: in a phishing attack on Discord, he lost $10,000 worth of Ethereum and NFTs. If even prudent investors like himself and notable NFT figures such as Kevin Rose are susceptible to wallet hacks and scams, everyone else is vulnerable, Le Nguyen told TechCrunch in an interview. The distressing loss prompted Le Nguyen to develop security solutions for crypto transactions with the help of his co-founder Jake Harwood, an effort that eventually became Staging Labs.