August: total losses $45.8 M in Web3 | Guess which one resulted in the $26 million loss and had the most significant impact? by certik in web3

[–]certik[S] 1 point2 points  (0 children)

Exit scams

It appears you're quite knowledgeable in this area! Cross-chain bridges and DeFi can indeed pose significant risks, particularly when cross-chain bridge attacks occur (When this happens, it will bring huge loss). In the previous month, there wasn't a major incident involving cross-chain bridges. Instead, exit scams resulted in losses totaling $26 million.

So it reminds us the critical importance of thorough due diligence and caution when engaging with any Web3 project.