Security leaders say nearly 80% of hacked crypto projects never recover

Industry security leaders warn that close to 80% of crypto projects hit by major exploits fail to regain stability, with the outcome hinging on how teams act in the first hours. Immunefi CEO Mitchell Amador and Kerberus' Alex Katz argue that operational breakdowns and trust erosion, not just stolen funds, drive long-term damage. In 2025, reported hack-related losses reached $3.4 billion, and a single Bybit incident accounted for $1.4 billion.