
A hacker is someone who uses technical expertise to understand and modify systems. Hackers can either help fix vulnerabilities or exploit them for personal gain. In Web3, the term “hacker” often refers to two main roles: security researchers (who identify and fix issues) and attackers (who exploit vulnerabilities).
Imagine an information system as a building—hackers are like engineers familiar with its structure: some inspect and reinforce weaknesses, while others take advantage of cracks to enter. Labeling all hackers as “bad actors” is inaccurate; however, when hacking skills are used for criminal purposes, legal and risk management measures must be in place.
The term “hacker” highlights technical skill and a spirit of exploration, while “cybercriminal” emphasizes illegal intent and profit-driven actions. The line between them is defined by whether their actions are authorized and comply with disclosure policies and laws.
White-hat hackers are authorized security researchers who report vulnerabilities privately for remediation, often receiving “bug bounties” (rewards paid by platforms for fixes). Black-hat hackers exploit vulnerabilities without authorization for profit. Gray-hat hackers fall in between: they may disclose issues without permission but do not act with the intent to profit.
Hackers in Web3 either improve security or carry out attacks. On the security side, activities include code audits, bug bounties, and incident response. On the attack side, hackers focus on asset theft and protocol manipulation.
For security, hackers examine smart contracts—self-executing programs on the blockchain similar to vending machines—for logic flaws, permission setups, and fund flows; submit reports to bug bounty platforms; and assist in freezing or recovering assets during incidents.
On the attack side, hackers may target private keys (the signing keys controlling assets) and user habits via phishing (fake messages that prompt you to click or sign), or exploit protocol design flaws for profit.
Hackers find vulnerabilities by reading code, testing, and interacting with systems. The core approach is to treat systems as “complex machines,” seeking out edge cases that developers might have overlooked.
One method is code review: analyzing contract logic line-by-line to ensure critical sequences such as “deduct funds before transfer” are correct.
Another technique is fuzz testing: feeding random data into programs to observe abnormal behavior, like inserting various coins and instructions into a vending machine to see if it malfunctions.
Authorization checks are also performed: verifying whether user signatures grant excessive permissions or if “replay attacks” (reusing old instructions) are possible.
Hacker attacks in Web3 revolve around people, keys, contracts, and cross-chain connections. Key scenarios and risks include:
White-hat hackers follow authorized processes and responsible disclosure, aiming to improve security; black-hat hackers act illegally for profit. Their motivations, workflows, and legal risks differ fundamentally.
In practice, white-hat hackers sign testing agreements, reproduce issues, submit technical reports, wait for fixes, and collect bounties (via bug bounty platforms or official security contacts). Black-hat hackers conceal their tracks, exploit vulnerabilities rapidly, and launder funds.
For platforms, establishing coordinated disclosure processes is critical—providing researchers with compliant channels, clear response timelines, and reward standards to reduce the risk window for secret exploitation.
The core of defense is securing your private key, understanding signatures, and layering risk controls. Individuals can take the following steps:
Risk Warning: All investments or transfers are subject to hacker and market risks. Prioritize security, diversify holdings, and maintain backup channels.
The entry path is building strong fundamentals, practicing vulnerability reproduction, and engaging with the community. Recommended steps:
The trend is simultaneous evolution of attacks and defenses—both data analysis and tools are becoming more specialized. Public reports indicate that the scale of hacking incidents varies year by year but overall risks remain high.
For example, Chainalysis’s 2023 Crypto Crime Report notes that losses from attacks were around $3.8 billion in 2022 but dropped to about $1.1 billion in 2023 (Chainalysis 2023 report). This shows defensive progress but does not mean risks are gone.
Methodologically, AI and automated testing are increasingly used for code audits and anomaly detection; formal verification (mathematically proving program properties) is more common in critical contracts; cross-chain protocols and novel signature schemes are major areas of research.
On the platform side, more exchanges and projects are implementing “coordinated disclosure plus bounty” programs to shorten vulnerability exposure windows; user security education has become routine (security pop-ups, signature prompts, whitelists).
Hackers are not synonymous with criminals—the distinction lies in motivation and authorization. Understanding private keys, signatures, and contract logic is foundational for defending against attacks. Building layered defenses through security settings and operational habits significantly lowers risk. Pursuing a white-hat path requires gradual accumulation of knowledge from basics to practice—while strictly adhering to ethics and law. As attack and defense continually evolve, ongoing learning and vigilance are essential for safeguarding assets and participating in Web3 over the long term.
In Chinese usage, “hacker” (黑客) and “cracker” (骇客) are often mixed but have subtle differences. “Hacker” broadly refers to individuals with advanced computing skills—encompassing both ethical security researchers and malicious attackers; “cracker” specifically means someone engaged in illegal intrusion or destruction, typically with negative connotations. Simply put: “hacker” denotes technical identity; “cracker” denotes criminal activity.
If you experience a hacker attack: immediately change all passwords—especially for email and financial accounts; back up important data; check for abnormal transactions; report the incident to relevant platforms and preserve evidence; consider contacting law enforcement or consulting a security expert. Prevention is better than reaction—enable two-factor authentication, update software regularly, and be cautious with links to greatly reduce your risk.
Hacker ethos promotes openness, innovation, and free sharing—driving the development of foundational technologies like open-source software and internet protocols. Many white-hat hackers help companies strengthen defenses by discovering vulnerabilities—and some earn significant bounties. Without hacker-driven research and code audits, the internet ecosystem would face far greater risks.
In Web3, hacker skills serve two main purposes: white-hat hackers audit smart contracts for DeFi projects, find vulnerabilities, and protect user funds; malicious actors attempt wallet thefts or execute flash loan attacks. Platforms like Gate employ security teams and bug bounty hunters for ongoing risk assessment.
Learning requires programming basics (Python, C) and network knowledge. The right path: start with computer fundamentals → master programming languages → dive into cybersecurity → join CTF competitions and bug bounty programs. Pursue the white-hat route—obtain ethical hacking certifications (like CEH), offer security services to businesses or join security initiatives at platforms like Gate.


