A Comprehensive Guide for Web3 Security: From Technology, Economic and Legal Aspects

With the recent debacle of cryptocurrency exchange FTX and the crypto trading company Alameda Research, the importance of comprehending the security and regulations of Web3, cryptocurrency, and blockchain projects has been magnified. To avoid similar economic and security failures in future Web3 projects, the book provides an essential guide that offers a comprehensive and systematic approach to addressing security concerns. Written by experts in tech and finance, it provides an objective, professional, and in-depth analysis of security and privacy issues associated with Web3 and blockchain projects.

This book highlights the security related to foundational Web3 building blocks such as blockchain, crypto wallets, smart contracts, and token economics, and describes recommended security processes and procedures for Web3 application development such as DevSecOps, data analytics, and data authenticity via the oracle. Moreover, the book discusses the legal and regulatory aspects of Web3 and the reasons behind the failures of well-known Web3 projects. It also contains detailed case studies of web3 projects, analyses of the reasons for their failures, and some pending legal cases.

This book is an excellent resource for a diverse range of readers, with particular appeal to web3 developers, architects, project owners, and cybersecurity professionals seeking to deepen their knowledge of Web3 security.

About the Author

Ken Huang is Chair of the Blockchain Security Working Group for Cloud Security Alliance Great China Region (CSA GCR) and the author of multiple books both in English and Chinese on blockchain and Web3. Over the past 20 years, he has worked on application security, identity and access management, and cloud security for the fintech industry as well as federal civilian agencies. He has been certified as CISSP since 2007 and as CEO of DistributedApps, he provides cybersecurity consulting services on Blockchain and AI for startup companies globally. He is an invited speaker to numerous local and global conferences in Blockchain, AI, and Security including Davos WEF, CoinDesk Consensus, IEEE, ACM, World Bank, Stanford University, UC Berkeley, Bank of China, and Huawei.

Dyma Budorin is the Founder & CEO at Hacken and Founder at HackenProof. He is a cybersecurity expert and crypto economy influencer with 14+ years of managerial expertise in cybersecurity as well as risks and controlsaudits. He is a certified member of the Association of Chartered Certified Accountants (ACCA). Dyma and his company have been involved in several major cybersecurity projects, such as consulting the Ukrainian government for the adoption of a virtual economy. He is a regular participant in major Web3 cybersecurity events as an invited speaker.

Lisa JY Tan is the founder and lead economist at Economics Design, a research-focused consultancy for digital ecosystems. In the academic world, she contributes to research work in various fields like math and economics, while having practitioner exposure with startups and global businesses. She’s also one of the leaders in a United Nations x Stanford University project on regulating digital currencies. She is also the author of Economics and Math of Token Engineering and DeFi, a research-based textbook.

Winston Ma, CFA is an investor, author, and adjunct professor in the digital economy. Most recently for 10 years, he was Managing Director and Head of the North America Office for China Investment Corporation (CIC), China’s sovereign wealth fund. Prior to that, Mr. Ma served as the deputy head of equity capital markets at Barclays Capital, a vice president at J.P. Morgan investment banking, and a corporate lawyer at Davis Polk & Wardwell LLP in New York. He was selected as a 2013 Young Global Leader at the World Economic Forum (WEF) and has been a member of the Council for Long-Term Investing and the Council for Digital Economy and Society. He has been a member of the New York University (NYU) President’s Global Council since its inception, and in 2014 he received the NYU Distinguished Alumni Award.

Dr. Zhijun William Zhang is the Technology and Innovation Adviser at the Bank for International Settlements (BIS) Innovation Hub - Nordic Centre, where he focuses on cybersecurity and resilience for future financial market infrastructure. Prior to that, he was the lead information security architect at The World Bank Group (WBG), where his team is responsible for security architecture design and assessment of all technology platforms and business solutions. William received his BS degree from Peking University, and his Ph.D. from the University of Maryland, both in computer science.