From exchange hacks to phishing scams and rug pulls, billions of dollars were lost to security breaches in 2024. This has left many crypto users asking the crucial question: How can I protect my assets in 2025?
Major Crypto Assets Security Incidents of 2024
|
Target |
Date |
Estimated Loss |
| PlayDapp |
Feb 9 & Feb 12, 2024 |
$290 Million |
| WazirX Exchange |
July 18, 2024 |
$234.9 Million |
| Orbit Chain |
Jan 2, 2024 |
$80 Million |
| BingX |
Sep 20, 2024 |
$43 Million |
| US Gov.-Linked Crypto Wallet |
Oct 25, 2024 |
$20 Million |
| Radiant Capital |
Jan 3 & Oct 16, 2024 |
$62.5 Million |
| BitForex |
Feb 23, 2024 |
$57 Million |
| Crypto Whale (Blast Network) |
Oct 11, 2024 |
35 Million |
The Weak Points Exposed in Crypto Assets Security
🏦
Trust in Centralized Platforms
Many users continue to store significant amounts of their assets on centralized exchanges.
⚙
Complexity of New Technologies
Users struggle to fully understand the evolving attack strategies used by hackers.
❗
Lack of Security Awareness
Phishing scams and fake websites prey on users' lack of security awareness.
🔑
Storing Private Keys Online
Storing private keys or seed phrases online increases the risk of hacking and theft.
How to Stay Safe in 2025?
❄️ Use a Cold Wallet
Keep your private keys offline with a secure cold wallet like ELLIPAL . Cold storage eliminates the risk of online attacks and hacking.
📝 Backup Seed Phrases Offline
Never store your recovery phrases online or share them with anyone. Use secure, offline backups.
📧 Verify Links and Emails
Always verify the authenticity of links and emails. Never click on links from unverified sources.
📂 Diversify Storage
Don’t store all your assets in one place. Spread your funds across multiple secure wallets.
As we move into 2025, securing your crypto assets has never been more important. By choosing a cold wallet like ELLIPAL, backing up recovery phrases offline, and staying vigilant against scams, you can protect yourself from the threats that have impacted the industry in 2024. Stay safe, stay secure, and take control of your crypto security today.