Yes, cryptocurrency can be stolen. Despite blockchain’s robust security, theft typically happens due to vulnerabilities in wallets, platforms, or through social engineering tactics.

How Cryptocurrency Theft Happens

1. Private Key Access: If someone gains access to your private keys, they can take your cryptocurrency.
2. Hot Wallet Hacks: Hot wallets, which are connected to the internet, are more vulnerable to hacking.
3. Exchange Breaches: Platforms holding user funds are attractive targets for hackers. If breached, your crypto stored there could be stolen.
4. Social Engineering: Scammers trick users into revealing login details or private keys.
5. Ransomware and Phishing: Malicious software or fake websites can steal sensitive information.
6. 51% Attacks: Rare, but possible on smaller blockchains where attackers gain majority control of the network.

Protecting Your Crypto

• Use cold wallets (offline storage) for long-term holding.
• Avoid storing large amounts on exchanges or hot wallets.
• Be cautious of phishing attempts and scams.
• Use strong passwords and enable two-factor authentication.
• Regularly back up your private keys and store them securely.

Recovery Possibilities

While stolen crypto can sometimes be traced using blockchain analysis, recovering it is often challenging. Trusted investigators or recovery experts might help in some cases, but prevention is always better than cure.

Cryptocurrency security depends heavily on user diligence. By following best practices, you can significantly reduce the risk of theft.