{"id":135729,"date":"2024-08-17T21:00:15","date_gmt":"2024-08-17T18:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135729"},"modified":"2024-08-17T18:21:27","modified_gmt":"2024-08-17T15:21:27","slug":"german-federal-authority-issues-a-warning-to-crypto-users","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/german-federal-authority-issues-a-warning-to-crypto-users\/","title":{"rendered":"German Federal Authority Issues a Warning to Crypto Users"},"content":{"rendered":"

In a LinkedIn post<\/strong><\/a>, the BSI said hardware wallets are the most secure method of storing cryptocurrencies as they store private cryptographic keys in offline or \u201ccold<\/em>\u201d storage, minimising the risk of hacking attacks.<\/p>\n

The agency highlighted the vulnerability of storing assets on third-party platforms such as exchanges, which, while convenient, are susceptible to hacking attacks. Similarly, self-custody wallets in phones or PCs also pose a significant security risk.<\/p>\n

This consultation comes in response to the growing threat of cryptocurrency theft. Analyst firm Chainalysis reported that in the first half of 2024, nearly $1.6 billion was lost to cryptocurrency hacking attacks, with the average amount stolen per incident up 80% from the previous year.<\/p>\n