Crypto scam revenue in 2021 topped $7.7 billion, up 81 percent compared to 2020, according to the blockchain data platform Chainalysis.
Your crypto wallet privacy and security is a crucial part of how much you will be successful investing in crypto. Once you hold your cryptocurrency in wallets, you need to be aware that all types of crypto wallets – even the most secure hard drive wallets – are exposed to some risk of being hacked and drained. While blockchain technology is designed to be extremely secure, and a blockchain database is nearly impossible to hack, human error and physical risks still exist. The risks may vary and constantly change, but here are some of the most widely-seen ways to lose all your cryptos overnight.