The Struggle for Crypto Projects After Major Hacks
According to Immunefi CEO Mitchell Amador, the majority of crypto projects that suffer significant breaches never fully bounce back.
Loss of Trust and Operational Chaos
Amador highlights that the issue isn't just financial loss — it's the lack of preparedness that leads to operational paralysis and a breakdown in stakeholder confidence during critical recovery moments.
2025 Sees Record Losses from Crypto Hacks
Data shows that crypto-related cyberattacks in 2025 resulted in losses totaling $3.4 billion, the highest since 2022. Three major incidents, including a $1.4 billion breach, accounted for 69% of all losses year-to-date.
The Need for Proactive Incident Planning
Experts recommend that protocols implement clear response strategies ahead of time to mitigate cascading damage when security incidents inevitably occur.