From Hackathon to Hacked: Web3's Security Journey

If there's one prediction you can make with certainty, it's that security in the Web3/blockchain space will get a whole lot worse before it gets better. We have the perfect cocktail of inexperience mixed with emerging technology playing out in full public view with large sums at stake and the permanence of immutable transactions. The result is predictable. An environment free from constraints can seem like an innovation paradise, but when the stakes are so high, you have to get everything right the first time because there may not be a next time. We tend to forget that what we see from this space are experiments playing out in production, and the time between exploitation and losing millions of dollars worth of value can be measured in seconds. So, how did we get here? Is it all doom and gloom? What can be done?...
By: Nathan Hamiel
Full Abstract & Presentation Materials: www.blackhat.c...