Web3 is off to a rip-roaring begin. The theoretical transformation of digital society through the blockchain is meant to usher in a daring new decentralized web powered by cryptocurrency. The revolution has begun, the crypto ads inform us! The world is altering. Get your Slurp Juice now!
And but…the world one way or the other stays unusually the identical. Even in web3, the rich monopolize the resources, cops are watching your each transfer, and folks are still dicks.
One other factor the revolution doesn’t appear to have cured is crime—particularly cybercrime. Simply like in web2, the blockchain is in the end nonetheless ruled by software, and, final time I checked, software program can get hacked. Shockingly, that’s what’s been occurring. Exchanges, NFTs, DAOs, decentralized credit based stablecoin protocols—if you happen to can title it, it’s been hacked. Since January, somewhat over a billion dollars is out the door already. Fairly good Q1 for the criminals!
The 12 months isn’t even near being over but, however there’s been so many crypto heists we figured we’d throw collectively a fast rundown. Idk, possibly we’ll do one in all these each 4 months or each billion stolen {dollars}. We’ll see how issues go.
