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Recently, over 3,500 BTC â worth more than $330 million â were stolen from a long-time Bitcoin holder. The method? Not hacking, but social engineering. The attacker gained the victim's trust, tricked them into giving up access, and quickly moved the funds through instant exchanges into Monero (XMR) â which explains its sudden 50% surge.
Want to avoid becoming the next cautionary tale? Follow these essential security tips:
âș Use a hardware wallet. Donât keep your coins on exchanges or browser wallets. Cold storage like Ledger or SafePal offers true protection.
âș Keep your seed phrase offline. Never store it on your phone, computer, or cloud. Write it down and secure it physically â preferably in metal or in multiple safe locations. Never share it.
âș Ignore unsolicited help. No legitimate tech support will ever ask for your seed phrase or offer to recover your wallet. Itâs always a scam.
âș Avoid suspicious links and QR codes. One click can cost you everything. Stick to official websites and verified software only.
âș Use a dedicated device. Donât manage crypto on the same phone or computer you use for everyday browsing or social media.
âș Stay discreet. Bragging about your crypto holdings makes you a target. Keep your balances and wallets private.
âș Trust no one. These scams are designed to lower your guard. Be suspicious of anyone discussing your crypto unprompted â it could save you.