What is Web3 Security?

This report provides a high-level overview of Web3 security, discussing the benefits and risks of user anonymity, the role of transparency and open-source practices, and the persistent threat of centralization (with privileged access risks). It highlights common Web3 attack vectors such as rug pulls, exit scams, and large-scale hacks (citing the Ronin Network incident), and recommends defenses including blockchain analytics, smart contract audits, decentralized identity, and KYC/AML measures while noting CertiK’s services and tools.