Hackers are taking advantage of the increasing number of people investing in cryptocurrency, with nearly $4 billion stolen last year alone. North Korean-related criminals have been linked to these thefts, using traditional hacking techniques such as social engineering attacks and cloning websites.

The pandemic has led to a surge in cryptocurrency investments, making digital wallets a prime target for hackers. To protect yourself, avoid connecting your digital wallet directly to the blockchain and store your private key code in a secure location. It is important to note that cryptocurrency is unregulated, so it is crucial for the industry to self-regulate and establish consumer protection standards.