According to Richard Teng, ensuring crypto security starts with individual responsibility. He highlights three essential self-custody practices for traders: always verify links to avoid phishing, double-check sources even when trusted, and never share your seed phrase. These steps are critical as increasing phishing attacks and scams directly impact the safety of digital assets and trading portfolios. Adhering to these security protocols can reduce the risk of loss and ensure long-term portfolio protection in the volatile crypto market (Source: @_RichardTeng on Twitter, May 16, 2025).

According to Mihir (@RhythmicAnalyst) on Twitter, the main risk to cryptocurrency holders comes from phishing attacks targeting individuals, not exchanges. Mihir reports receiving daily phishing attempts via text messages, where attackers try to trick users into clicking malicious links to compromise their accounts. He advises traders to implement two-factor authentication (2FA), set up withdrawal whitelists, and avoid interacting with suspicious links or messages. These concrete security measures are crucial for protecting digital assets and reducing the risk of unauthorized withdrawals, which can have direct trading and portfolio impacts. Source: Mihir (@RhythmicAnalyst) Twitter, May 15, 2025.