HACK3D: The Web3 Security Quarterly Report - Q1 2023

Our Skynet DPRK Crypto Threats Report discusses key North Korean hacker trends, including amounts stolen, number of incidents, and the most substantial hacks over the past 10 years.

After the publication of our February 2026 Wrench Attacks Report, we now look at the continued escalation of wrench attacks, which have become a structural threat for cryptocurrency holders.

For companies operating or planning to scale globally, the implications are that multi-jurisdictional licensing is now a baseline requirement; AML compliance budgets must align with the scale of enforcement; and security audits are recurring, jurisdiction-specific costs, rather than one-time exercises.