Rug Pulls, Hacking Attacks, Phishing Scams; Crypto Loses $890 Mln In Q3

The Web3 space has been grappling with a flurry of cyber threats in 2023, as hackers and scammers continue to exploit vulnerabilities. According to the latest reports and insights on the Web3 segment, the decentralized internet, lost a staggering $890 million to various cyber incidents in the third quarter of 2023. This concerning trend sheds light on the urgent need for bolstered security measures in the rapidly evolving world of blockchain technology.