Aug 23, 08:01 PM

Immunefi Report: Crypto Hacks Result in $100M+ Losses, $57M in Phishing Losses, 80% Tokens Face Long-Term Price Declines

A recent report by Immunefi highlights the significant impact of cryptocurrency hacks on market prices, revealing that the top 25 crypto hacks each resulted in losses exceeding $100 million. Since the beginning of August, there have been 11 phishing incidents that collectively led to losses of approximately $57 million, including five cases of address poisoning that accounted for losses of about $1.2 million. The report further indicates that 80% of native token prices experience negative price impacts lasting at least six months following a hack, suggesting that most cryptocurrencies struggle to recover their value after such incidents.

#Immunefi

Written with ChatGPT (GPT-4o mini).

Sources

CryptoSavingExpert ®@CryptoSavingExp
2 years ago
Most Hacked Crypto Projects Suffer Sustained Negative Price Action Following Exploit 🥶📉 Click below to find out more 👇👇👇 https://t.co/kqUbVHHpg0
CoinMarketCap@CoinMarketCap
2 years ago
#CMCNews: Crypto Hacks Lead to Long-Term Price Declines, Immunefi Report Reveals. https://t.co/Evd9Pi4CQc According to a recent security report, most cryptocurrencies struggle to recover in value following hacks.
CoinDesk@CoinDesk
2 years ago
📉 80% of native token prices suffer negative price impact for at least 6 months after a hack, according to @immunefi. @JennSanasie takes a look at the data on "Chart of the Day", presented by @cryptocom: https://t.co/B95xqCWPXK https://t.co/JGfNIV24d9

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Immunefi Report: Crypto Hacks Result in $100M+ Losses, $57M in Phishing Losses, 80% Tokens Face Long-Term Price Declines

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