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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. One of crypto projects’ most significant concerns and criticisms, particularly in blockchain-based games, is the threat of scams, frauds, and cyberattacks. Several scams and vulnerability exploits in web3 gaming projects have reinstated the security emphasis on the industry this year. In October, a popular web3 game allegedly pulled an exit scam worth $1.6 million in user funds, according to a recent report from blockchain security platform CertiK. In fact, a recent survey of active web3 gamers found that 41% of gamers are concerned about potential scams and fraudulent activities in the sector. You might also like: Scammers on the rise: three on-chain cybersecurity predictions for 2024 | Opinion These rising concerns have driven more investment in blockchain security solutions. In October alone, $103 million was rai...

Blockchain game Abyss World has announced the postponement of the SUI airdrop to Gazer this month, citing a funding crisis and deception by their early main investor , Chainhill Capital. This becomes another in the list of development teams affected by Chainhill Capital’s failure to pay our funds. Making amends The community administrator of the blockchain game Abyss World alleges that the company came across unforeseen financial difficulties that resulted in the non-receipt of the investment funds intended for Abyss World and other projects. Abyss World has found itself in arrears for over six months, and despite their commitment to expanding the team as initially promised, the company depleted its cash reserves beyond initial plans. The announcement also stated the project’s commitment to making amends for the losses suffered by affected community users and maintaining a comprehensive record of Gazer holders. Facing financial limitations and unable to fulfill ma...

The METAPIXEL game, a high-profile Web3 project developed by Korea’s NPIXEL, has been put on indefinite hold, with all team members removed from the project. Popular web3 game METAPIXEL has stopped operations , according to several team members. As posted on X (formally known as Twitter) earlier today, all members of the team are unable to participate in the project. METAPIXEL earned immense popularity last year after it was announced that NPIXEL, a Korean AAA gaming studio, developed the game. The game was launched on the Apotos blockchain. However, members of the project did not disclose any reasons for the project’s suspension.  Dear METAPIXEL community: As recently announced on Discord, the METAPIXEL project has been suspended indefinitely due to various circumstances. Consequently, all current members including myself, will no longer be able to participate in the project and will cease to represent it. pic.twitter.com/dTqWS3Rz0U — sapsal / Kate | METAPIXEL (@g...