The security of cryptocurrency assets largely depends on users taking proactive precautions.

In response to the growing risks from attacks and scams, users need to proactively activate security features while closely collaborating with the service provider.

MAIN CONTENT

  • Users must activate two-factor authentication (2FA) and keep their personal devices safe.

  • Be cautious of scams aimed at stealing information and assets.

  • The platform needs to provide advanced protection systems along with continuous education for the community.

How is the security of cryptocurrency assets the responsibility of both the platform and the users?

Richard Teng, CEO of one of the largest cryptocurrency exchanges, emphasizes that security technology is just the first step; users need to actively protect their accounts by using measures like 2FA.

According to Mr. Teng, the platform has invested in advanced encryption, fraud detection, and continuous account monitoring to prevent hackers. However, these measures are only effective when users actively participate in protecting their assets.

"We are committed to protecting users, but the ultimate responsibility for security lies with them. Activating 2FA, securing devices, and being vigilant against scams is essential."

Richard Teng, CEO, July 2025

What should users do to effectively protect their assets?

Mr. Teng outlines four important steps to help users minimize the risk of losing assets in today's perilous environment.

  • Activate Two-Factor Authentication (2FA): Create an additional layer of protection when logging in or trading.

  • Keep safety devices: Regularly update the operating system and antivirus software for phones and computers.

  • Be wary of scams: Do not provide personal information via email or messages from unknown sources.

  • Use available safe tools: Fully utilize the security features provided by the platform.

The importance of using strong, unique passwords is also emphasized to reduce the risk of theft.

How sophisticated are the risks of fraud in the cryptocurrency market, and what are the damages?

In 2024, thousands of cryptocurrency wallets in Australia were attacked through phishing tactics, resulting in hundreds of millions of USD in losses.

Mr. Teng warns that as the market expands, scams are becoming more sophisticated, posing significant challenges for users and exchanges.

"Continuous security awareness and ongoing community education are key to preventing damage from scams."

Richard Teng, CEO, July 2025

What are the standout security methods of the platform?

The platform led by Richard Teng applies advanced technologies such as data encryption, automated fraud detection systems, and 24/7 activity monitoring.

A perfect combination of technical security and user proactivity will create a safer cryptocurrency environment.

How can the cryptocurrency community enhance security awareness?

Many users have responded to Mr. Teng's security call on social media, committing to implement essential measures to keep their assets safe.

Common feedback reflects a consensus that personal safety is a shared responsibility, contributing to the robustness of the entire ecosystem.

Real-life examples

Previously, over 5,000 wallets in Australia were attacked through phishing campaigns, with losses exceeding 300 million USD in 2024, according to digital security reports.

Frequently Asked Questions

1. Why is it necessary to activate two-factor authentication (2FA)? 2FA adds an additional layer of security to prevent unauthorized access even if an attacker has the password. 2. How to detect online scams? Be cautious of emails or messages requesting personal information, and carefully check links before clicking. 3. What role does the platform play in securing assets? The platform uses advanced technology and continuously upgrades its systems to minimize risks and support users. 4. What should users do if they suspect their account has been compromised? They should immediately change their password, activate 2FA, and contact platform support for timely assistance. 5. Should the same password be used for different wallets? No, strong and unique passwords should be used for each account to avoid the risk of losing all assets.

Source: https://tintucbitcoin.com/tai-khoan-dien-tu-cua-ban-an-toan/

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