Most Hacked Crypto Projects Never Recover, Says Web3 Security Expert
A recent report highlights a serious issue in the crypto industry: most projects that get hacked never fully recover. According to Web3 security platform Immunefi, nearly 80% of crypto projects that face major hacking incidents fail to regain trust and stability after the attack.
Immunefi’s CEO, Mitchell Amador, explained that the biggest problem is not always the money lost during a hack. Instead, the real damage happens because many projects are not prepared for security emergencies. Most teams do not believe they can be hacked and lack a clear plan to respond if it happens.
Amador stressed that the first few hours after a hack are extremely important. During this time, teams often panic, argue about what to do, or delay decisions. This confusion allows the situation to get worse and can lead to more losses.
He also pointed out that some teams avoid pausing smart contracts or informing users because they fear harming their reputation. However, staying silent usually increases fear and destroys trust. In most cases, projects fail to recover because their systems, communication, and user trust collapse, not just because of financial loss.
