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SlowMist Data Shows Web3 Security Breaches Caused Nearly $100M Loss

May 07, 2024 at 11:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Data from blockchain security platform SlowMist has revealed that security breaches in the nascent Web3 space resulted in losses worth almost $100 million last month. Said to be the next iteration of the internet, Web3 runs on decentralized blockchain technology that offers users unprecedented ownership and control over their data. However, despite ostensibly offering better security and data control compared to the regular internet, Web3 is subject to regular security breaches.

A recent security report from popular security platform SlowMist found that a total of 37 Web3 security breaches perpetrated in…

NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL

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