NBC New York nbcnewyork.com 11 Jun, 2021 18:00 am

You Could Be Leaving Your Crypto Wallet Open to Hackers—Here’s How to Protect It – NBC New York

You Could Be Leaving Your Crypto Wallet Open to Hackers—Here’s How to Protect It – NBC New York
To protect your crypto from hackers, it’s important to understand the type of wallet options available and how to secure your private keys.

Though it isn't exactly clear how it was done, experts say the FBI's ability to retrieve the bitcoin ransom was due to the criminals' storage of their private keys, rather than any vulnerability with the cryptocurrency itself.Money Report TaskUs Founders' Path to Nasdaq Started With High School Parties and a Yogurt Venture in Argentina How Hedge Funds Took Over America's Struggling Newspaper Industry Private keys, or a string of letters and numbers similar to a password, are used to unlock access to a holder's cryptocurrency.In turn, it's extremely important that your private keys remain undisclosed to the public."The only way that funds can be moved is if you have the private key, and that's why securing private keys is so important.

To protect your crypto from hackers or any outside threat, it's important to understand the type of wallet options available and how to secure your private keys.With a non-custodial, or self-custody, wallet, you are in control of your private keys and you own your cryptocurrency holdings.

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