Losses from Web3 frauds decreased by 75% in the first half of 2023.

An improvement in security #protocols and legislative guidelines is the most likely culprit.

Surprisingly, #DeFi was the target of the most of security flaws this year.

Security has been a major problem in the quickly developing Web3 industry. However, there was some solace in 2023's first half thanks to a notable 75% drop in losses from Web3 scams.

A #Blockchain security company's most recent research sheds light on the state of Web3 security's decline and evolution.

Losses from Web3 #scams, #hacks, and rug pulls decline in 2023