AI Adoption in Crypto Crime Soared by 40% Over the Past Year. Here Are 4 Practical Solutions to Keep Your Crypto Safe.
Keeping your crypto secure is a lot easier than you might expect.
AI-assisted crypto theft has surged by 40% over the past year, according to the TRM Labs AI-in-Crime Adoption Index. Two major hacks in April, one on Solana and one on Ethereum, resulted in $577 million in losses. To protect your crypto assets, consider using large, regulated exchanges like Coinbase Global (NASDAQ: COIN) instead of offshore venues or personal wallet apps.
These exchanges have robust security measures and hold most funds offline. Alternatively, holding crypto via a spot crypto ETF can also provide a high level of security, as the asset manager appoints a specialist custodian to manage private keys in a cold storage system. Another method is to use two separate wallets: a hot wallet for daily transactions and a cold wallet for storing large amounts of funds.
Never share sensitive information, such as account passwords or private keys, with anyone, as it is not needed for any legitimate purpose.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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