The digital financial landscape is already in a state of fear and anticipation. The market’s crashing effect has already put people on edge. Amateur and professional investors are losing their footing and saving simultaneously. On top of that, the year saw one of the sharpest rises in crypto thefts.
We are not even halfway through the year, and the overall valuation of stolen assets in 2025 is close to $1.77 billion. This cumulative figure is alarming and shameful. Finbold initially released the data in its Q1 analysis. Market experts believe that if this continues, people might lose faith in the crypto landscape,
$1.77 billion is not a figure to joke about. However, experts suggest the figure is not even close to the actual sum. Supposedly, the figure is much bigger and is more alarming. This is primarily because many people have traded without proper documentation. Hence, the scale is supposedly higher than we initially believed.
How To Stay Safe Online
Given the sharp rise in the rate of crypto crimes, many organizations have issued SOPs on how to trade crypto without getting scammed.
- Use VPN
- Enable two-factor authentication
- Secure your seed phrase offline
- Consider cold storage as a viable option
- Choose the right wallet
- Update your application regularly
Still, remember that no system is immune to phishing activities. Hence, approach the situation accordingly.
