Straight from the pros: CEOs of Immunefi and Brave spill out the secret to Web3 security.
Celebrating the myriads of accomplishments earned by the crypto ecosystem, Immunefi, Electric Capital, Bitscale Capital and MA Family together hosted The Bug House — a party for bringing together the global Web3 community.
Speaking about the security concerns in Web3, Amador stated that hackers in Web3 are very different from Web2 hackers. According to him, there are two types of hackers. In Web3, hackers are found to be young, typically under the age of 35 and most under the age of 30. Supporting this stance, Eich added that, during the bull run era of 2021, he noticed the rise of reentrancy attacks. Brave has been using HackerOne to protect its in-house crypto wallets and has tripled its bug bounty to eradicate the wallet’s security concerns.
While Amador further revealed the efforts of Immunefi, Brave and other partners to work with the governments trying to make Web3 more accessible, adding:
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