In the world of cryptocurrency, security is not just a recommendation, it’s a necessity. In the first half of 2024, the crypto industry lost $1.19 billion due to hacking and breaches, with $498 million stolen through phishing attacks, one of the most common threats. The most significant breach, the theft of $304 million from Japanese exchange DMM Bitcoin, serves as a disturbing reminder of the risks associated with insufficient asset protection.

To avoid such situations, it is important to use hardware wallets, which provide the highest level of security by storing private keys offline. Two-factor authentication (2FA) is another key step to protect your exchange accounts, as it adds an extra layer of protection. Never share your passwords and private keys, even with close people, as this can give attackers access to your assets.

In a world where every vulnerability can lead to major financial losses, using reliable security methods is a must to keep your crypto assets safe.