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Web3 industry loses $2 billion to phishing attacks in 2022, social media a major pain point

  • There was a 170 percent surge in Web3 phishing attacks during Q2 2022 in comparison to the previous quarter.
  • Hackers exploited social media accounts, especially on Discord and Telegram, and lured users into too good to pass up offers.

As the Web 3 industry continues to rise, the number of phishing attacks taking place has grown at double the speed. The
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