Are you saying that 51% attack will affect both exchanges and users, but could affect exchanges at a larger intensity than individual users? If so, I will challenge original claim with 10 Cred.
As Haseeb said, "If you’re the 51% attacker, you want to rob the bank, not some random person on the street. In crypto, that means exchanges."
This is what Haseeb suggested a 51% attacker would do:
- Attackers deposit crypto (e.g. ETC) in exchanges
- Sell ETC and convert into USD through exchanges
- 51% attack ETC and reorg, revert original sold ETC but already bagging the USD
Because it’s easier operations for attackers to aim at an exchange in order to realize profits, that is why exchanges would be a better target than individual users. If so, individual users can hold exchanges liable for losing their money, which will result in complicated court cases.