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Cyber-attacks targeting Web3 cost organizations $1.84bn in 2023 across 751 incidents, according to Certik’s Hack3d: The Web3 Security Report 2023.  The average cost per incident was $2.45m in 2023.  However, there was a wide disparity between the losses suffered, with the 10 most costly attacks alone accounting for $1.11bn. The highest costs occurred in Q3, where $686.5m was lost from 183 hacks.

The report, which examined hacks, scams, and exploits in the entire Web3 industry, found there was a

Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse. Still, recent moves suggest that it is feeling the sting of changing tech trends and rough market conditions.  The company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs (non-fungible tokens).  Co-founder and CEO Mark Zuckerberg wrote in a post on 14 March 2023 that Meta will terminate about 10,000 additional employees in