VentureBeat January 15, 2023
While Q3 of 2022 saw losses down by almost a third compared to the previous quarter, more than $500 million was lost from Web3 protocols over the course of the last three months. Exit scams and flash loan attacks are two of the most common yet most preventable types of exploits we see. Disappointingly, there has been no reduction in the frequency of these incidents over the last few months.
But let’s step back for a second. At this point, it’s become a cliché to say that the internet has revolutionized nearly every facet of our lives. Since the rollout of the World Wide Web to the general public in the 1990s, the ways we work, learn, communicate, shop,...
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