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The NFT space has lost over $50 million in NFT hacks within the first four months of 2022 alone. Most of these losses were due to hackers exploiting vulnerabilities in soft wallet codes, Discord and Twitter hacking, and stealth mints that drain funds from unsuspecting users. There are some NFT security tips you can follow to help keep your funds safe. These tips include using a hardware wallet, a burner wallet, and a hot/cold wallet combination. The most important security tips are not to approve any NFT transactions.