Key Takeaways:

• In the first half of 2025, over $2.4 billion was illicitly taken, surpassing the entirety of 2024’s thefts.
• Common pitfalls like phishing, incorrect approvals, and spoofed support accounts incur greater losses than sophisticated hacks.
• Implementing robust two-factor authentication, prudent approvals, and a clear separation of assets can significantly mitigate risks.
• Having a recovery strategy, including revocation resources and support contacts, can help recover from potential losses.

Crypto thefts are escalating, with security reports indicating more than $2.4 billion looted in just the first half of 2025. This figure is driven upward by high-profile breaches like the Bybit incident linked to North Korean actors, though it shouldn’t dominate the conversation.

Most losses stem from simpler traps like phishing links, malicious wallet authorizations, and fake support channels. Thankfully, improving security doesn’t require extensive technical knowledge. Adopting a few foundational practices can dramatically lessen your vulnerability.

Here are seven pivotal strategies for 2025:

1. Switch from SMS to Phishing-Resistant 2FA Everywhere

If you’re relying on SMS codes for account security, you’re vulnerable. SIM-swap attacks are prevalent methods criminals use to access wallets. Use phishing-resistant two-factor authentication (2FA) instead.

2. Maintain Signing Hygiene: Avoid Dangerous Approvals

Many individuals don’t lose assets to high-tech exploits but through a single hasty approval. Wallet drainers may deceive users into granting unlimited permissions or confirming misleading transactions. Review each signature request carefully.

3. Differentiate Between Hot and Cold Wallets

Consider separating your funds the way you would manage bank accounts. A hot wallet is for daily transactions while hardware or multisig wallets serve as a secure vault for long-term savings.

4. Keep Your Devices and Browsers Clean

Your electronic setup is crucial for your overall security. Regular updates will help fix vulnerabilities exploited by attackers.

5. Verify Before Sending

The simplest way to lose crypto is to send it to the wrong address. Always double-check recipient details and networks before execution, and make small test payments for first-time transfers.

6. Protect Against Social Engineering

The most significant scams don’t depend on technology, but rather on exploiting people’s trust. Be vigilant against fake accounts and suspicious solicitations.

7. Prepare for Recovery

Mistakes can happen even to the most diligent individuals. Keep an offline “break-glass” card that lists your recovery options, and act quickly in case of an incident.

The broader conclusion is simple: Adopting seven key habits (like employing strong MFA, practicing careful approvals, segregating wallets, and developing a solid recovery plan) can thwart most everyday crypto threats. Take action today to enhance your security.