#CryptoSecurity101 encompasses the fundamental principles and practices essential for safeguarding digital assets in the volatile cryptocurrency landscape. It stresses the importance of robust security measures, from choosing secure wallets like hardware wallets for cold storage to implementing strong, unique passwords and enabling two-factor authentication (2FA). Users are educated on identifying and avoiding phishing scams, SIM-swapping attacks, and other common cyber threats. Furthermore, CryptoSecurity101 emphasizes the critical role of self-custody, securing seed phrases offline, and regular monitoring of accounts. As the crypto space evolves, staying informed about emerging threats and adopting a multi-faceted security approach is paramount to protecting investments and ensuring peace of mind. the most famous crypto scam in recent times has been of bybit. where at times when the crypto currencies were being transfered from their cold wallet to their hot wallet 1.4 bn dollars worth of crypto coins were stolen. later it was revealed that north Korean hacking group was involved in it. so not only individuals but big exchanges are also subject to such risks. it is always important to keep the passphrase or password to oneself.
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