The crypto industry's security landscape is examined through a conversation with Alex Katz, CEO of Kerberus, who describes it as a "Wild West" due to the high risk of irreversible asset loss from scams and exploits. Katz attributes the persistence of these issues to a lack of prosecution for bad actors, the absence of standardized procedures for smart contract creation and auditing, and the slow adoption of effective security solutions. He argues that "do your own research" is obsolete for protecting assets against sophisticated threats like address poisoning and AI deepfakes, advocating for automated safeguards. Katz details Kerberus's real-time detection of malicious Web3 sites and their $30,000 coverage as a means to provide peace of mind, aiming to make crypto safe and accessible even for novice users.
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