- Immunefi CEO warns 80% of hacked crypto projects don’t recover.
- Experts see major operational and trust issues exposed.
- Prevention, recovery plans crucial for project resilience.
Immunefi CEO Mitchell Amador highlighted that nearly 80% of crypto projects hit by major hacks struggle to recover, citing operational and trust issues as key barriers to recovery.
This underscores the critical need for effective incident response plans, with delays often worsening financial and reputational damage across the crypto sector.
80% Hacks Damage Crypto Operations Beyond Repair
Mitchell Amador claimed that many crypto projects fail to recover post-hack. This issue stems from the lack of comprehensive security plans, leading to operational and trust collapse. Mitchell Amador, CEO, Immunefi, “nearly 80% of crypto projects experiencing major hacks never fully recover due to operational and trust breakdowns during response.” Immunefi’s analysis shows absence of incident response exacerbates losses.
Project resilience suffers as abrupt operational halts amplify concerns. Protocols fear reputational damage, creating hesitation. Amador highlighted, without communication, panic can worsen. Improving operational readiness is essential.
The community’s response emphasizes security inadequacies. In interviews, Amador notes enhancements in audits and verification processes. He predicts 2026 would see enhanced security standards due to improved on-chain monitoring.
Record $3.4B Crypto Losses in Hacks by 2025
Did you know? Cryptocurrency projects are witnessing record exploit volumes. The 2025 figure stands at 3.40 billion dollars lost through breaches, underscoring heightened vulnerability reminiscent of 2022’s peak levels.
As of January 18, 2026, CoinMarketCap reports TrueFi (TRU) has a market cap of 14.02 million USD, with a current price of 0.01 USD. Despite a 22.80% growth over 30 days, TRU’s price fell 53.40% over 90 days.
Coincu research indicates that technological enhancements could reduce hack frequencies. Continued regulatory vigilance aids in enforcing robust security practices. Historical data reveal consistent hack incidents, urging for stringent preventive mechanisms. Moreover, the Bug Bounty Court initiative is helping to regulate challenges within the DeFi space.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
No tags available.
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Circle Mints $500 Million USDC on Solana Blockchain
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Circle Mints $500 Million USDC on Solana Blockchain
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- U.S. Treasury Proposes New Tax Relief Regulations
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- China, US Conclude Trade Talks with Focus on Cooperation
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Circle Mints $500 Million USDC on Solana Blockchain
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Circle Focuses on Expanding USDC Use in Hong Kong
- Western Union Trials Stablecoin System for Remittance Innovation
- GMGN Completes Compensation for MEV-Affected Users
- Kevin Hassett Emphasizes Fed’s Independence Amid Trump’s Rate Suggestion
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
Latest
Vitalik Buterin Reveals Ethereum’s 2026 Focus on Self-Sovereignty
Press Release
NEXST Brings KISS OF LIFE to Life: Debut VR Concerts on the Ultimate Web3 Entertainment Platform
Mingo Secures Exclusive 54-Country Ticketing Deal on Hedera
