#CryptoSecurity101 Crypto security is crucial for protecting digital assets from hackers and scams. With over $3.8 billion stolen in 2023, it's clear that robust security measures are necessary. Key practices include¹:

- *Choosing a Secure Wallet*: Opt for cold wallets or exchanges with regular proof of reserve audits to verify solvency and authenticity.

- *Understanding Common Threats*: Be aware of phishing attacks, cyberattacks on exchanges and wallets, and algorithmic exploitation like 51% attacks.

- *Staying Informed*: Keep up-to-date with potential risks and security trends to navigate the evolving landscape.

- *Secure Exchanges*: Look for exchanges with regulatory compliance, cold storage, and two-factor authentication.

Some important security measures include²:

- *Encryption*: Protecting data with cryptographic algorithms

- *Authentication*: Verifying user identities

- *Secure Storage*: Safeguarding digital assets

- *Secure Communication*: Protecting transactions and data transfers

By prioritizing crypto security, users can minimize risks and protect their investments.