Investors appreciate cryptocurrency, or crypto, for its decentralization, transparency, and flexibility. Organizations use the blockchain technology on which crypto relies to execute automatic replication across ledgers and increase privacy. Even formal banking institutions have adopted blockchain-based platforms to create faster and less costly transactions among small to medium-sized businesses. Crypto has advantages for enterprises and individuals alike. Meanwhile, the same distinctions between orthodox finance and crypto that entice investors to crypto can also come with potential risks. For example, conventional bank transactions are reversible, while those on a blockchain are not. While this thwarts criminals from removing transactions or tampering with a ledger, it also makes it more difficult to rectify a fraudulent or accidental transaction. This whitepaper will explore the most common risks associated with crypto, including standard cybersecurity issues in the blockchain environment and situations unique to crypto platforms.