What are the most common ways that cryptocurrency gets stolen in a year?

5 answers

• Dec 20, 2021 · 3 years ago
  One of the most common ways that cryptocurrency gets stolen is through phishing attacks. Hackers send out fraudulent emails or messages that appear to be from legitimate sources, tricking users into revealing their private keys or login credentials. To protect yourself, always double-check the authenticity of any communication before sharing sensitive information.
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• Dec 20, 2021 · 3 years ago
  Another common method of cryptocurrency theft is through malware. Hackers create malicious software that can infect computers or mobile devices, allowing them to steal private keys or gain unauthorized access to cryptocurrency wallets. It's crucial to keep your devices and software up to date and use reputable antivirus software to prevent malware infections.
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• Dec 20, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, advises users to be cautious of social engineering attacks. These attacks involve manipulating individuals into revealing sensitive information or performing actions that compromise their security. Always be skeptical of unsolicited requests for personal information and never share your private keys or passwords with anyone.
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• Dec 20, 2021 · 3 years ago
  Cryptojacking is another prevalent method of cryptocurrency theft. This involves hackers secretly using someone else's computer or device to mine cryptocurrencies without their knowledge or consent. To protect yourself, use reputable antivirus software and be cautious when visiting unfamiliar websites or downloading files.
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• Dec 20, 2021 · 3 years ago
  One lesser-known method of cryptocurrency theft is SIM swapping. Hackers exploit vulnerabilities in the mobile phone system to transfer a victim's phone number to their own device. They can then use this access to bypass two-factor authentication and gain control of the victim's cryptocurrency accounts. To prevent SIM swapping, contact your mobile service provider and ask about additional security measures.
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