PANews reported on January 18th, citing Cointelegraph, that Mitchell Amador, CEO of Web3 security platform Immunefi, stated that nearly 80% of crypto projects thatPANews reported on January 18th, citing Cointelegraph, that Mitchell Amador, CEO of Web3 security platform Immunefi, stated that nearly 80% of crypto projects that
Immunefi: Nearly 80% of hacked crypto projects failed to fully recover, with operational and trust failures being the main reasons.
PANews reported on January 18th, citing Cointelegraph, that Mitchell Amador, CEO of Web3 security platform Immunefi, stated that nearly 80% of crypto projects that suffer major hacks never fully recover. The primary reason is not the initial financial loss, but rather the collapse of operations and trust during the recovery process. Most protocols are paralyzed the moment the exploit is discovered, leading to additional losses due to the lack of predefined contingency plans. Data shows that crypto-related hacks caused total losses of $3.4 billion in 2025, the highest level since 2022, with three incidents, including the $1.4 billion Bybit hack, accounting for 69% of all losses up to early December.
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