10 Critical Web3 Security Flaws That Put Millions at Risk
Web3 security remains a major challenge, with vulnerabilities that expose users and platforms to significant risks. Key threats include smart contract flaws, reentrancy attacks, private key exposure, and flash loan exploits, which hackers use to manipulate transactions and drain funds. Other issues, such as phishing scams, rug pulls, and oracle manipulation, highlight the dangers of poor security practices and centralized control in supposedly decentralized systems. Additionally, cross-chain bridges and inadequate security audits introduce further risks. Addressing these flaws through robust security measures, decentralized validation, and thorough audits is crucial to ensuring a safer Web3 ecosystem.