Web3 ecosystem

OKLink: In 2024, it will focus on technological and application innovations in the global Web3 ecosystem, drawing more attention to on-chain data security and compliance

ChainCatcher news, on March 21, a video interview program themed "Web3, AI and other new technologies are on the rise, how can the industry break the deadlock?" was launched by OKLink in collaboration with Sohu Finance.Speaking about Hong Kong's competition to become a Web3.0 hub, Jiang Zhaosheng, a senior researcher at OKLink Research Institute, stated in the interview: As a company deeply engaged in Web3.0 compliance technology, we hope to focus on technological and application innovations in the global Web3.0 ecosystem in 2024. By leveraging the vast data resources and technical service experience accumulated by OKLink over the years, we aim to provide on-chain security and compliance solutions for various parties, including financial institutions, Web3.0 projects, and regulatory agencies, helping relevant institutions enhance their ability to prevent and respond to risks, thereby ensuring and promoting the development of Hong Kong's Web3.0 ecosystem.Regarding the development prospects of emerging technologies in China, Ye Yuru, author of "Top Ten Technologies in the Metaverse" and host of the Metaverse Salon, stated that in China, the development approach of blockchain must be legal and compliant, utilizing the characteristics of blockchain such as data confirmation, copyright protection, and value circulation to empower various industries.
2024-03-21

Beosin: The total loss amount in the Web3 ecosystem in February due to hacker attacks, phishing scams, and rug pulls reached 422 million USD

ChainCatcher news, according to monitoring by the blockchain security audit company Beosin's KYT anti-money laundering analysis platform, the loss amount from various security incidents significantly increased in February 2024 compared to January. In February 2024, there were more than 19 typical security incidents, with total losses due to hacker attacks, phishing scams, and Rug Pulls reaching $422 million, an increase of about 102% compared to January. Among these, attack incidents accounted for approximately $347 million, an increase of about 110%; phishing scam incidents were about $16.08 million, a decrease of about 52%; and Rug Pull incidents were approximately $59.38 million, an increase of about 440%.The largest attack incident in February was the attack on the crypto gaming platform PlayDapp due to private key leakage, resulting in a loss of $290 million, making it the highest loss security incident of the year so far. Other incidents with losses exceeding ten million dollars include: the centralized exchange FixedFloat being attacked, resulting in a loss of $26.1 million; Axie Infinity co-founder Jihoz.ron’s personal address losing about $10 million due to private key leakage. Additionally, the Hong Kong exchange Bitforex is suspected of experiencing a Rug Pull, with $56.5 million anomalously flowing out of its hot wallet.
ChainCatcher Building the Web3 world with innovators