Immunefi: Nearly 80% of hacked crypto projects have never fully recovered

Jinse Finance reported that Mitchell Amador, CEO of the Web3 security platform Immunefi, stated that nearly 80% of majorly hacked crypto projects have never fully recovered. The main reason is not the initial loss of funds, but rather the collapse of operations and trust during the response process. Most protocols become paralyzed the moment a vulnerability is exploited, and the lack of predefined contingency plans leads to additional losses. Data shows that in 2025, crypto-related hacks caused total losses of $3.4 billion, the highest level since 2022. Three incidents, including a $1.4 billion hack of an exchange, accounted for 69% of all losses as of early December.