[CMC Playbook] As of Nov. 22, 2022, there had been 290 security incidents with a total loss of over $3.6 billion, as documented by SlowMist_Team 👀 What lies ahead for the path of crypto development & its security? 👇
The collapse of Terra LUNA/UST, Celsius, Voyager Digital, Three Arrows Capital and the most recent FTX saga has made 2022 a tough and volatile year for many in the industry.
On the flip side, this year has also brought regulators and the general public closer to crypto and blockchain technology. As a result, crypto-related policies are also becoming more transparent, which will ultimately contribute to the overall growth of the blockchain industry.An Increased Focus on Security Audits
The impossible trilemma in blockchain — security, scalability and speed — cannot be achieved simultaneously, which means that there are now multiple L1s addressing various user demands. Consequently, we expect further development of cross-chain solutions, where EVM and non-EVM compatible chains are connected to achieve interoperability and compatibility.
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