Exit scams, popularly referred to as rug pulls, are an ongoing criminal scheme in Web3. A rug pull involves fraudsters robbing a crypto project by liquidating their holdings without warning and leaving investors holding worthless tokens.

So far in 2023, $~79.5M has been lost to various scams and exploits in the Web3 world and a total of 125 attacks attacks recorded this year so far.

Hacktivism is the act of misusing a computer system or network for a socially or politically motivated reason. This report examines the history and techniques of hacktivism in Web3, the laws and regulations developed in response to Web3 hacks, and looks at several case studies that are most famous for their hacktivism.