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Crypto Projects Face Existential Crisis After Major Hacks
Crypto Projects Face Existential Crisis After Major Hacks
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Four out of five cryptocurrency projects fail to recover fully after security breaches, according to Mitchell Amador, CEO of Web3 security firm Immunefi. The damage extends beyond financial losses, with eroded trust and sluggish crisis response proving fatal for most.
2025 set a grim record with $3.4 billion stolen in crypto hacks—the highest since 2022's collapse. The attack vectors have shifted: where smart contract flaws once dominated, human errors now account for most exploits.
"It's not the code—it's the crisis management," Amador told Cointelegraph. Projects that delay disclosures or bungle communications rarely regain their footing. The data suggests hacked platforms become cautionary tales more often than comeback stories.
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