Web3: Security and Innovation
Security Concerns: A recent hack on LastPass led to the theft of $4.4 million from crypto wallets. This incident underscores the need for robust security measures in the Web3 space.
Phishing Scams: Since the launch of ChatGPT, phishing emails have surged by 1265%, according to SlashNext. This highlights the double-edged sword of technology—while it enables, it also exposes vulnerabilities.
Regulatory Moves: Singapore's Monetary Authority (MAS) has launched Project Guardian in partnership with policymakers to foster responsible digital asset innovation. The official release provides more details.
