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In 2019, cryptocurrency-related fraud and theft have resulted in a loss of around $4.4 billion. In most cases, the security risk related to your crypto wallet arises because of your wallet or exchange provider. Wallet providers often track the information you provide to them while signing up. Combining the information traced by marketing companies and data collected by wallet solution providers, hackers can easily sneak into your crypto wallets. It is very important for beginners in the crypto space to take full responsibility for safeguarding their funds.