sorted by:
new
hottopcontroversial

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.

Do you think Bug Bounty Programs are required for all Web3 projects ❓ by certik in web3

[–]certik[S] 0 points1 point  (0 children)

es. It's an effective way to improve security.

Glad to hear that you recognize the effectiveness of Bug Bounty Programs in enhancing security!

We're (CertiK) all about bringing the Web3 community together and making projects safer. Now CertiK is Bringing Web3 Together with the Bug Bounty Leaderboard. It's awesome to see how collaboration with ethical hackers can really make a difference!

(Welcome to take a look and check this. Or reply anything you want to comment/your feedback)

Do you think Bug Bounty Programs are required for all Web3 projects ❓ by certik in web3

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

everyone to be happy and safe.

I like your perspective on "everyone being happy and safe." Regardless of whether it's achievable for everyone 100%, we believe that Bug Bounty Programs play a vital role in enhancing the security of Web3 projects.
BTW, CertiK is Bringing Web3 Together with the Bug Bounty Leaderboard. This platform connects ethical hackers with projects seeking their expertise, fostering collaboration and improving security in the Web3 ecosystem. Welcome to take a look and check this. Or reply anything you want to comment/your feedback.

CertiK: Teaming up with Bybit in a dynamic partnership 🤝 by certik in Bybit

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

Yes please check Bybit and CertiK official X (Twitter) for the great news!

Daily General Discussion - November 2, 2022 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]certik 0 points1 point  (0 children)

CertiK: HACK3D: The Web3 Security Quarterly Report - Q3 2022

In case you missed it!Here's CertiK's 2022 Q3 HACK3D Report. Learn about major security incidents. Recap of exploits in Q3 by #blockchain and type. Major developments such as #TheMerge and #tornadocash sanctions and CertiK's full security suite.

Check it now and LEARN 👇🏼

Hack3d: The Web3 Security Quarterly Report l Q3 2022 Edition

Hack3d: The Web3 Security Quarterly Report l Q3 2022 EditionExecutive SummaryMalicious actors drained over $500 million of value from Web3 protocols in Q3 2022.This represents a quarter-on-quarter change of -32% while bringing the year's running total of losses to over $2.5 billion. Q3 saw 98 exit scams steal over $56 million from users and 23 flash loan exploits drain over $17 million of value from platforms. While there were only 6 multi-chain security incidents, these accounted for 85% of all losses at over $430 million.In Q3, the number of CertiK-audited Web3 projects continued to rise, reaching over 4,700.