Preface

In the rapidly evolving realm of Web3 blockchain technology, security and regulation have consistently remained focal points of concern. Given this context, gaining a comprehensive understanding of the Web3 blockchain security landscape and regulatory frameworks within the cryptocurrency industry has become imperative for ensuring the security and stability of blockchain applications. This research report is a collaborative effort between the Blockchain Security Alliance, jointly initiated by Beosin and SUSS NiFT. Its aim is to provide a thorough exploration of the global blockchain security landscape, prominent Web3 events, and critical regulatory policies in the cryptocurrency industry during Q3 2023.

 

Within this report, we will delve deep into an extensive analysis of the global blockchain security landscape, encompassing security vulnerabilities, attack incidents, and noteworthy Web3 events from Q3 2023. Simultaneously, we will meticulously review and summarize crucial regulatory policies in the cryptocurrency industry. This endeavor is designed to facilitate readers' comprehension of legislative and regulatory dynamics, both at the governmental and regulatory body levels, across the global blockchain arena, as well as to elucidate their impacts on industry advancement.

 

Through the dissemination of this report, our aspiration is to provide readers with valuable references and insights, empowering them to gain a better understanding of the dynamic evolution of the Web3 blockchain security landscape and the salient aspects of regulatory policies within the cryptocurrency industry.

 

 

I. Q3 2023 Global Web3 Security Statistics & AML Analysis

Authors: Beosin research team - Mario & Donny

Data Source (As of Sept 25): Footprint Analytics: Crypto Analysis Dashboards

 

 

1 Q3 2023 Web3 Security Overview

 

According to statistics from Beosin EagleEye, the total losses from hacks, phishing scams, and rug pulls in Web3 reached $889.26 million in Q3 2023. Among them, 43 major attacks resulted in a total loss of approximately $540.16 million. Phishing scams accounted for a total loss of approximately $66.15 million, and there were 81 rug pulls with a total loss of approximately $282.96 million.

 

 

The losses in Q3 2023 exceeded the total for the first half of 2023. The losses were about $330 million in Q1 2023 and $333 million in Q2 2023, while reaching $889.26 million in Q3.