I recently saw a shocking case in the crypto world—on a Southeast Asian exchange, a user’s 600 million IDR (about 280,000 RMB) suddenly disappeared from their account without a trace. After the news spread, investors began to worry: Is my assets really safe on these platforms? Will the platform encounter problems?

Such incidents seem like platform failures, but there is often more behind the scenes. The exchange’s response was that the account was illegally controlled, and the user was targeted by phishing, malware, or social engineering attacks. In other words, hackers operated using your account, and from a system perspective, it’s impossible to determine whether the transaction was legitimate.

This involves a phenomenon that many overlook—our awareness of security protection for crypto assets is often far below what is actually needed. Some protect assets worth hundreds of thousands with simple passwords, others log into exchanges over public WiFi, and some click on unfamiliar links at will. Risks accumulate step by step.

Think about it: in traditional financial systems, banks and payment platforms use multi-layer verification mechanisms to protect your accounts. But in the crypto world, you are your own bank—every defense line must be built by yourself. Many stories of account theft prove one thing: system vulnerabilities are often not on the platform but in the user’s own security habits.

So what should you do specifically? First, enabling two-factor authentication (2FA) is not optional but mandatory. Second, never log into exchanges on unfamiliar devices or public networks. Third, keep your private keys and recovery phrases safe—do not screenshot, do not store on your phone, and never share with anyone. Finally, if you receive any verification codes or login requests from the exchange, verify their authenticity through official channels first.

The crypto market offers high freedom, but the cost is that responsibility entirely rests on you. Every theft case is a vivid lesson—security protection is no small matter; it directly determines the life or death of your assets. Truly savvy investors often spend 70% of their energy on security and only 30% on trading strategies.