39 Ways to Lose Money in Crypto: How to Keep Your Money Safe

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39 Ways to Lose Money in Crypto: How to Keep Your Money Safeunchainedcrypto.com
unchainedcrypto.com

39 ways to lose money in crypto: How to keep your money safe

AI summary of the linked article

The article is a list of 39 ways crypto users have lost money, framed as a safety guide for avoiding such losses. It cites a roughly $1.5 billion loss in 2024 reported by blockchain security firm Immunefi, and it describes methods including honeypot scams, SIM swaps, rug pulls, North Korean exploits and reentrancy attacks. Examples include the DAO hack of 2016, in which the attacker siphoned between $12.6 million and $19.8 million per hour, and Sunny Aggarwal's view that most crypto losses stemmed from lost seed phrases.

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