Hacked crypto tokens drop 61% on average and rarely recover
According to a new report by analytics firm Immune, cryptocurrencies and tokens that have been subject to hacker attacks lose an average of 61% of their value and rarely fully recover.
The study shows that beyond immediate financial losses, the attacked projects often face other issues such as prolonged downtime, liquidity shortages, and diminished user trust. This is because crypto ecosystems and DeFi applications are highly interconnected, and disruptions in one part of the chain are felt across the entire market.
Key findings from the report:
- Crypto tokens lose an average of 61% of their value after a successful hacker attack.
- Only 13% of tokens fully recover their pre-attack price.
- In addition to financial losses, the attacks lead to extended downtime, liquidity shocks, and a loss of user confidence.
- The interconnectedness of DeFi systems amplifies the consequences of incidents, spreading them across the entire market.
These findings highlight the importance of cybersecurity in the crypto industry. Although developers are constantly improving the protection of their projects, cybercriminals are finding new ways to hack smart contracts and crypto wallets. Investors should carefully assess the risks when investing in less secure assets.