Web3 Security Trends in 2023: Decrease in On-Chain Vulnerabilities Offset by Surge in Offline Crypto Crimes
According to a recent report by blockchain security firm Beosin, there has been a 53.9% decrease in total losses from hacks, phishing scams, and rug pulls in 2023 compared to the previous year. However, there has been an alarming surge in offline crypto crimes, with global losses increasing by 377% to $65.68 billion. DeFi projects faced the highest number of attacks, with 130 causing approximately $408 million in losses, while Ethereum experienced a substantial reduction in losses. The decline in cross-chain bridge attacks is a positive trend, responsible for only 7% of total losses. The report highlights significant attacks, including Mixin Network's cloud provider breach resulting in $200 million losses, Euler Finance's $197 million loss due to a contract vulnerability, and Poloniex's $126 million breach linked to a private key compromise.
What Will Happen In 2024
As we enter 2024, the capital markets have found their footing and are moving higher. The Fed has taken interest rates as far as they want at this time and inflation has come down. It seems that a “soft landing” is likely. That is good news for the innovation economy because healthy capital markets are a necessary support system.
OKX Web3 DeFi launches subsidy activity with f(x), and you can get up to 20% additional rewards
OKX Web3 DeFi has launched a subsidy campaign in collaboration with f(x). From 6:00 pm (UTC+8) on December 28, 2023 to 6:00 pm (UTC+8) on February 26, 2024, users can connect their wallets or create new OKX Web3 wallets and enter the DeFi page to search for f(x) for staking. Users can stake fETH and receive wstETH and up to 20% FXN rewards.
The Calm After The Storm: Safety In Web3 At An All Time Low| Issue #52
With gas low I was able to mint my next onchain piece; titled “Wanderer”. This image was taken with a gameboy camera. With cameras taking bigger and bigger images, forcing myself to create onchain and with a limited camera is thrilling. Both Wanderer and High In The City are available on Foundation for 0.1Eth.
Web3 content creation platform RepubliK announces integration with Fireblocks
According to official sources, Web3 content creation platform RepubliK has announced its integration with enterprise-level digital asset infrastructure provider Fireblocks.
Web3 privacy social pan-entertainment platform Funchat ecological token FUN has launched the second round of IDO on December 27
Web3 privacy social and entertainment platform Funchat has ended its first round of IDO activities. The second round of activities started on December 27th at 15:00 (UTC+8), and now has oversubscription of 3157, with an oversubscription ratio of 526%. The overall total for this FUN Launchpad is 300,000, with an exchange ratio of 1FUN = 0.2 USDT. It is reported that Funchat is a one-stop entertainment platform with instant, confidential, and secure features, committed to providing users with secure, convenient, and diversified social and digital asset management services. It has established community users in Singapore, Malaysia, Vietnam, Japan and other places.
Web3 social application INTO has reached cooperation with OKX Web3 wallet and officially settled in OKX Web3 wallet.
According to official sources, Web3 social application INTO has reached a partnership with OKX Web3 wallet. INTO has officially settled in OKX Web3 wallet and users can search for INTO through OKX Web3's PC, web or app.
Cardano Foundation and Petrobras partner to launch Web3 education program
Cardano Foundation has announced a partnership with Brazilian national oil company Petrobras to launch a Web3 education program aimed at promoting understanding and application of blockchain (Web3) technology among Petrobras employees. It is reported that the Web3 education program will also integrate interactive quizzes and NFTs, and will hold two seminars in the metaverse to introduce blockchain technology and regulatory knowledge.
Hooked Protocol announces integration with Sei Network
Web3 gamified social learning platform Hooked Protocol announced the integration of Sei Network in Hooked 2.0 expansion to enhance mastery of Web3 and achieve permanent growth.
Web3 Inscription social platform DOZO received strategic investment from Tpowersofficial at a valuation of US$50 million
According to official sources, Web3 inscribed social ecosystem platform DOZO announced that it has received strategic investment from Tpowersofficial, with a valuation of 50 million US dollars, and the specific amount has not been disclosed. It is reported that tpowersofficial is the largest entertainment agency in Japan.
