In the third quarter of 2023, the Web3 sector grappled with a staggering total loss of approximately $890 million.
-Hacker Attacks: A total of 43 hacker attacks led to staggering losses of approximately $540 million.

Some project with outstanding solution imo:
- ZettaBlock is an institution grade developer platform for web3 developers. With ZettaBlock, developers can unify on and off chain data, apply custom logic, and instantly generate product grade APIs that scale infinitely.

- Cube3: For those developing smart contracts, code security (audits, bug bounties) is foundational, but there are very few “post-audit” solutions for real-time security after a contract has been deployed. Cube3 leverages advanced machine learning to detect and block runtime threats before they resolve on-chain.

CUBE3 uses Zettablock’s rich data platform to rapidly build and deploy new and innovative services for our customers. ZettaBlock gives live access to blockchain data across chains, which helps Cube3 build real-time security assessments using their machine learning pipeline to identify risks in near real-time.

-Phishing Scams: The sector grappled with phishing scams that drained approximately $66.15 million.
-Rug Pull Incidents: A striking 81 project-related Rug Pull incidents resulted in cumulative losses of about $280 million.