With the popularity of cryptocurrency on the rise, it's essential to be aware of crypto security, and how to stay safe from risks. One such risk is that of theft. For example, wallets can be hacked, and exchanges have been known to be hacked, leading to the loss of coins. Another risk is a fraud, which can come in the form of Ponzi schemes, ICO scams, and fake apps. Finally, Volatility risks; since a government or financial institution does not back cryptocurrencies, their value can fluctuate greatly.

Source: https://bhero.com/blog/crypto-security-a-complete-guide