The CEO of a Japanese Web 3.0 security company discusses emerging security issues
Over the last year, the amount of illegal capital outflows in the entire Web 3.0 market was $1.8 billion (HACKD3D 2023 ANNUAL REPORT).
This figure is about half of the damage amount of $3.7 billion in 2022. The decrease is likely due to technical updates, improved user literacy, and the bear market environment.
The security service "KEKKAI" provided by our company also achieved user growth last year, and we feel that it has contributed to reducing damage.
However, significant damage is still occurring in the Web 3.0 area, and the amount of damage may increase further due to the increase in market capitalization due to the bull market expected this year and next year.
Analyzing the breakdown of damage, the damage caused by the leakage of private keys was low at 47 cases, but accounted for nearly half of the total damage amount. KEKKAI is also paying attention to technical updates in this area, and it is also an area that will be carefully checked in the new code auditing business "KEKKAI Audit".
