Web3 Attacks Decrease in Q1 2023: Beosin EagleEye Security Report

On April 12th, according to the Beosin EagleEye security risk monitoring, warning, and blocking platform under the blockchain security audit company Beosin, 61 major attacks in the Web3 field were detected in the first quarter of 2023, with a total loss of approximately $295 million, a decrease of approximately 77% compared to the fourth quarter of 2022. The total loss amount in the first quarter of 2023 is lower than any quarter in 2022. In addition to attacks, 41 major Rug Pull events were also monitored in the first quarter of 2023, involving approximately $20.34 million.

Data: The total loss of Web3 attacks in the first quarter was approximately $295 million, a decrease of 77% compared to the previous quarter

In a report released by the Beosin EagleEye security risk monitoring, warning, and blocking platform, it was revealed that the first quarter of 2023 saw a decrease in the number and total loss amount of attacks on the Web3 field. This article will delve deeper into the report’s findings and discuss the possible reasons for the decline in attacks.

Introduction

The Web3 field has been growing rapidly in recent years with cryptocurrencies, NFTs, and decentralized applications gaining popularity among investors and users alike. However, this growth has also attracted the attention of hackers and scammers who aim to exploit vulnerabilities in these systems for their own gain.

Beosin EagleEye Security Report

According to the Beosin EagleEye security risk monitoring, warning, and blocking platform, there were 61 major attacks on the Web3 field in the first quarter of 2023, resulting in a total loss of approximately $295 million. This is a significant decrease of approximately 77% compared to the fourth quarter of 2022.
Additionally, the report also monitored 41 major Rug Pull events in the first quarter of 2023, involving approximately $20.34 million.

Reasons for Decrease in Attacks

The decrease in attacks in the Web3 field can be attributed to several factors. Firstly, many companies and projects have ramped up their security measures in response to the increased risk of attacks. This includes hiring cybersecurity experts or partnering with blockchain security audit firms like Beosin.
Furthermore, regulators in many countries have also started to crack down on fraudulent projects and scams, which has deterred potential attackers.
Lastly, the increased awareness of the risks associated with the Web3 field has led to more cautious behavior by investors and users. This has resulted in a decreased likelihood of falling victim to scams and attacks.

Conclusion

The Web3 field is still relatively new and developing, and there remain several security challenges that need to be addressed. However, the Beosin EagleEye security risk monitoring, warning, and blocking platform’s report provides some hope that the situation is improving.
By investing in security measures and increasing awareness, the Web3 field can continue to grow and thrive while minimizing the risks associated with it.

FAQs

1. What is the Web3 field?
– The Web3 field refers to decentralized technologies like blockchain, cryptocurrencies, and smart contracts that aim to create a more transparent and democratic internet.
2. What is a Rug Pull event?
– A Rug Pull event is a type of scam in which the creators of a cryptocurrency or project suddenly and unexpectedly remove liquidity from the project, causing its value to drop significantly.
3. How can I protect myself from Web3 attacks?
– Some ways to protect yourself include being cautious of new and unproven projects, not sharing your private keys or passwords, and using hardware wallets for cryptocurrency storage.