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Sunday, July 6, 2025

Crypto crime: Challenges with Web 3.0 security - FOX 5 New York

NEW YORK - The majority of the crypto-related headlines from the majority of the places where the majority of us get our news cry of security breaches, scams, and ties to illicit activity.
As they should, said Duke law professor John Reed Stark, the former chief of the SEC's office of Internet Enforcement and a skeptic — to put it mildly — of the majority of the projects in and around the space crypto-believers call Web 3.0.
"They're rife with market manipulation, insider trading, fraud, thievery, chicanery, just about any financial crime you can think of," Stark said.
That misses a lot of nuance, said Nick Neuman, the co-founder and CEO of the Bitcoin wallet Casa. He doesn't argue scammers see Web 3.0's deregulated nature as an opportunity: a blockchain network comprised of millions of personal computers around the globe, allowing us to post, share, download and move digital files, one day (maybe soon?) supplanting the internet of today where central authorities with their...



Read Full Story: https://www.fox5ny.com/news/the-dark-side-of-web-3-0

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