# Web 3 report : plagued by hacks, scams, and phishing schemes **URL:** \ **Category:** programming\ **Created:** [July 8, 2022, 3:51am UTC](https://forum.kirupa.com/t/web-3-report-plagued-by-hacks-scams-and-phishing-schemes/652553 "2022-07-08T03:51:46Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![Wayne](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/wayne/32/16501_2.png) [@Wayne](https://forum.kirupa.com/u/Wayne)\ **Post date:** [July 8, 2022, 3:51am UTC](https://forum.kirupa.com/t/web-3-report-plagued-by-hacks-scams-and-phishing-schemes/652553/1 "2022-07-08T03:51:46Z")
> **[Web3 projects have lost more than $2 billion to hacks this year](https://www.theverge.com/2022/7/7/23199148/web3-lost-2-billion-hacks-flash-loan-certik-cryptocurrency)** > > Flash loan attacks in particular were a growing threat. ---
**Author:** ![kirupa](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/kirupa/32/11616_2.png) [@kirupa](https://forum.kirupa.com/u/kirupa)\ **Post date:** [July 11, 2022, 6:10am UTC](https://forum.kirupa.com/t/web-3-report-plagued-by-hacks-scams-and-phishing-schemes/652553/2 "2022-07-11T06:10:55Z")
Given the overall size of the market, I wonder if $2 billion is not a large amount 🤷 ---
**Author:** ![Wayne](https://yyz1.discourse-cdn.com/flex011/user_avatar/forum.kirupa.com/wayne/32/16501_2.png) [@Wayne](https://forum.kirupa.com/u/Wayne)\ **Post date:** [July 12, 2022, 5:54am UTC](https://forum.kirupa.com/t/web-3-report-plagued-by-hacks-scams-and-phishing-schemes/652553/3 "2022-07-12T05:54:55Z")
The guardian is reporting something else. There are many waves 🌊 coming in. The first wave made things popular. The second wave crashed with scams since the beginning of the epidemic. The market got saturated. > **[Today in Focus](https://podcasts.apple.com/no/podcast/today-in-focus/id1440133626)** > > Daily News Podcast · 724 Episodes · Updated daily