AI Adoption in Crypto Crime Soared by 40% Over the Past Year. Here Are 4 Practical Solutions to Keep Your Crypto Safe.
Key PointsAI is becoming widely used by hackers looking to steal crypto.
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.
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