{"id":81494,"date":"2025-02-24T15:14:05","date_gmt":"2025-02-24T09:44:05","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?p=81494"},"modified":"2025-02-24T15:14:05","modified_gmt":"2025-02-24T09:44:05","slug":"how-to-keep-your-crypto-secure-after-bybit-hacked","status":"publish","type":"post","link":"https:\/\/www.the-next-tech.com\/blockchain-technology\/how-to-keep-your-crypto-secure-after-bybit-hacked\/","title":{"rendered":"How To Keep Your Crypto Secure After ByBit Hacked"},"content":{"rendered":"<p>If you think <a href=\"https:\/\/www.the-next-tech.com\/blockchain-technology\/secure-crypto-wallet-management\/\" target=\"_blank\" rel=\"noopener\">Crypto<\/a> secured, maybe its not because recently ByBit which is a popular Crypto Exchange platform was hacked with the loss of almost <strong>$1.5 billion<\/strong> worth of tokens.<\/p>\n<p>Media enthusiast claim that it is the biggest crypto theft ever committed in the industry.<\/p>\n<p>Though many verdict believe that the hacker took control of one of ByBit\u2019s offline Ethereum wallets which carried a suspicious transaction, resulting in flowed out from the wallet.<\/p>\n<p><strong>So, the question now is &#8211; Is your crypto secured?<\/strong><\/p>\n<p>After this incident, crypto owners will now monitor their crypto actively and wants to make them more secured.<\/p>\n<div class=\"question-listing\" style=\"border: 1px solid #DC2166; padding: 20px 30px 20px 50px; margin: 30px 0; background: rgb(220 33 102 \/ 6%); box-shadow: 0px 5px 20px rgb(0 0 0 \/ 20%); border-radius: 5px; position: relative;\">\n<div class=\"question-mark\" style=\"width: 30px; height: 30px; color: #fff; display: inline-block; text-align: center; line-height: 30px; border-radius: 50%; background: #DC2166; position: absolute; right: -10px; top: -13px;\">!<\/div>\n<p><span id=\"Future_Of_IT_Companies\" class=\"ez-toc-section\"><\/span>Here are few ideas to keep your crypto secured and act quickly if you lack any one from the following.<\/p>\n<\/div>\n<h2>1. Use A Password Manager<\/h2>\n<p>You may have brought multiple crypto assets and so passwords. Using a password manager platform such as Dashlane to secure your holdings is a smart move.<\/p>\n<p>Such password manager help you manage private keys, exchange passwords, and recovery phrases securely.<\/p>\n<p>Pick a reputable password manager with strong encryption and zero-knowledge architecture.<\/p>\n<ul>\n<li>1Password (Supports secret key storage)<\/li>\n<li>Bitwarden (Open-source &amp; end-to-end encrypted)<\/li>\n<li>Dashlane (Has a dark web monitoring feature)<\/li>\n<li>Keeper (Advanced security features)<\/li>\n<\/ul>\n<p>Another idea is keep changing your password occasionally for data breach.<\/p>\n<h2>2. Use 2-Factor Authentication (2FA)<\/h2>\n<p>Dynamically, 2-Factor Authentication (2FA) adds an extra layer of security to your crypto exchanges, wallets, and accounts.<\/p>\n<p>As it helps in prevent unauthorized access even if your password is compromised, it is best for crypto users to enable for extra security.<\/p>\n<ul>\n<li>Don\u2019t use SMS 2FA alone.<\/li>\n<li>Don\u2019t screenshot backup codes.<\/li>\n<li>Don\u2019t ignore 2FA for email.<\/li>\n<\/ul>\n<p>The best approach is to use a hardware 2FA device (like YubiKey) or an authenticator app.<\/p>\n<h2>3. Private Key Protection<\/h2>\n<p>Each crypto assets are protected with cryptographic keys, specifically private keys which are used to access and control ownership.<\/p>\n<p>Therefore your private key is the most critical piece of information. If someone gains access to your private key, they completely control your funds.<\/p>\n<p>The safest way to protect a private key is to keep it offline and away from internet-connected devices.<\/p>\n<ul>\n<li>You can store on hardware wallets.<\/li>\n<li>Generate a paper wallet and print.<\/li>\n<li>Keep your key onto waterproof things.<\/li>\n<\/ul>\n<p>Always create multiple secure backups of your private key to prevent permanent loss.<\/p>\n<span class=\"seethis_lik\"><span>Also read:<\/span> <a href=\"https:\/\/www.the-next-tech.com\/top-10\/top-10-iot-mobile-app-development-trends-to-expect-in-2021\/\">Top 10 IoT Mobile App Development Trends to Expect in 2021<\/a><\/span>\n<h2>Conclusion<\/h2>\n<p><a href=\"https:\/\/www.the-next-tech.com\/blockchain-technology\/cybersecurity-strategies-for-businesses\/\" target=\"_blank\" rel=\"noopener\">Securing is your crypto assets<\/a> is a work of intelligence. This mean stay smart out there! Necessarily, scammers create fake sites that look like real but that\u2019s not and intend to steal account information by sending email include a link &#8211; completely stay away from them!<\/p>\n<h2>Frequently Asked Questions<\/h2>\n        <section class=\"sc_fs_faq sc_card\">\n            <div>\n\t\t\t\t<h4>What is the best way to secure crypto?<\/h4>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tUse a hardware wallet and enable 2FA on accounts while keeping private keys offline.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t        <section class=\"sc_fs_faq sc_card\">\n            <div>\n\t\t\t\t<h4>Where is the safest place to keep crypto?<\/h4>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tThe safest place to keep crypto is a hardware wallet stored in a secure, offline location.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t        <section class=\"sc_fs_faq sc_card\">\n            <div>\n\t\t\t\t<h4>What is the best crypto security?<\/h4>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tCold storage, multi-signature wallets, encryption, and 2 Factor Authentication are best security protocols.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t        <section class=\"sc_fs_faq sc_card\">\n            <div>\n\t\t\t\t<h4>What is the safest cryptocurrency?<\/h4>                <div>\n\t\t\t\t\t                    <p>\n\t\t\t\t\t\tBitcoin (BTC) and Ethereum (ETH) due to strong security and adoption.                    <\/p>\n                <\/div>\n            <\/div>\n        <\/section>\n\t\n<script type=\"application\/ld+json\">\n    {\n        \"@context\": \"https:\/\/schema.org\",\n        \"@type\": \"FAQPage\",\n        \"mainEntity\": [\n                    {\n                \"@type\": \"Question\",\n                \"name\": \"What is the best way to secure crypto?\",\n                \"acceptedAnswer\": {\n                    \"@type\": \"Answer\",\n                    \"text\": \"Use a hardware wallet and enable 2FA on accounts while keeping private keys offline.\"\n                                    }\n            }\n            ,\t            {\n                \"@type\": \"Question\",\n                \"name\": \"Where is the safest place to keep crypto?\",\n                \"acceptedAnswer\": {\n                    \"@type\": \"Answer\",\n                    \"text\": \"The safest place to keep crypto is a hardware wallet stored in a secure, offline location.\"\n                                    }\n            }\n            ,\t            {\n                \"@type\": \"Question\",\n                \"name\": \"What is the best crypto security?\",\n                \"acceptedAnswer\": {\n                    \"@type\": \"Answer\",\n                    \"text\": \"Cold storage, multi-signature wallets, encryption, and 2 Factor Authentication are best security protocols.\"\n                                    }\n            }\n            ,\t            {\n                \"@type\": \"Question\",\n                \"name\": \"What is the safest cryptocurrency?\",\n                \"acceptedAnswer\": {\n                    \"@type\": \"Answer\",\n                    \"text\": \"Bitcoin (BTC) and Ethereum (ETH) due to strong security and adoption.\"\n                                    }\n            }\n            \t        ]\n    }\n<\/script>\n\n<p><strong>Author\u2019s Recommendation:<\/strong><\/p>\n<p>\ud83d\udc49\u00a0<a href=\"https:\/\/www.the-next-tech.com\/blockchain-technology\/how-to-buy-bitcoin-on-etoro\/\" target=\"_blank\" rel=\"noopener\">How to buy Bitcoin (BTC) on eToro<\/a><\/p>\n<p>\ud83d\udc49\u00a0<a href=\"https:\/\/www.the-next-tech.com\/blockchain-technology\/bitcoin-wallet-security\/\" target=\"_blank\" rel=\"noopener\">How AI help in Bitcoin wallet security<\/a><\/p>\n<p>\ud83d\udc49\u00a0<a href=\"https:\/\/www.the-next-tech.com\/blockchain-technology\/cryptocurrencies-scam-and-safety\/\" target=\"_blank\" rel=\"noopener\">How to stay safe and avoid scams<\/a><\/p>\n<p><span class=\"seethis_lik\"><strong>Disclaimer:<\/strong> The information written on this article is for education purposes only. We do not own them or are not partnered to these websites. For more information, read our <a href=\"https:\/\/www.the-next-tech.com\/terms-condition\/\" target=\"_blank\" rel=\"noopener\">terms and conditions<\/a>.<\/span><\/p>\n<p><span class=\"seethis_lik\"><strong>FYI:<\/strong> Explore more tips and tricks <a href=\"https:\/\/www.the-next-tech.com\/finance\/\" target=\"_blank\" rel=\"noopener\">here<\/a>. For more tech tips and quick solutions, follow our <a href=\"https:\/\/www.facebook.com\/TheNextTech2018\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> page, for AI-driven insights and guides, follow our <a href=\"https:\/\/www.linkedin.com\/company\/the-next-tech\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a> page.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you think Crypto secured, maybe its not because recently ByBit which is a popular Crypto Exchange platform was hacked<\/p>\n","protected":false},"author":5084,"featured_media":81498,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[135],"tags":[50179,50178,50180,49575],"_links":{"self":[{"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/posts\/81494"}],"collection":[{"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/users\/5084"}],"replies":[{"embeddable":true,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/comments?post=81494"}],"version-history":[{"count":4,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/posts\/81494\/revisions"}],"predecessor-version":[{"id":81505,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/posts\/81494\/revisions\/81505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/media\/81498"}],"wp:attachment":[{"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/media?parent=81494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/categories?post=81494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.the-next-tech.com\/rest\/wp\/v2\/tags?post=81494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}