The uses and purchase of cryptocurrency have grown over the years and so also is the need to secure it. This is because the surge has been drawing both cryptocurrency investors and traders, and also cyber criminals. Hence, the need for crypto recovery services.
For over a decade, there have been multiple reports of cryptocurrency crimes such as scams, theft, fake transactions, etc. And this has led to a huge loss for so many investors. It was discovered in 2019 that about 130 million dollars’ worth of cryptocurrency was stolen from cryptocurrency wallets and exchange platforms.
How are cryptocurrencies kept?
Cryptocurrencies are usually kept in a digital wallet, and this wallet can be likened to our wallets that we use to store our fiat currencies and credit cards. The difference is that this wallet can only be accessed through a private key. These private keys can either be stored on hardware or software.
This crypto wallet private keys can also be stored on a mobile device, laptop, desktop, tab, or written in a journal or book. The most important condition is that it must be kept safe. This is because it is the main access to people’s cryptocurrency wallets and if stolen or misplaced, cybercriminals can gain access to your account easily.
How are crypto assets stolen?
Crypto assets or cryptocurrencies are stolen when a cybercriminal gains access to your cryptocurrency wallet through your private key. This is because, as stated earlier, your product key guarantees…
