It’s interesting to know that security failure doesn’t just drain funds, they often destroy TRUST which leaves majority of hacked crypto projects abandoned. According to Web3 Security Platform ‘Immunefi’ CEO, Mitchell Amador, that four out of five crypto projects that suffer major setback never regain their momentum.

One’s may ask, what is the major reason? One of the very reasons is that most PROTOCOLs are fundamentally not aware of the extent to which they are EXPOSED to hacks. Also, slow Decision-making process by the team contribute to improvisation and delay actions.

The other reason is the breakdown of OPERATIONs and trust during the response. Loss of funds as many will claim is the major reason why such projects fail to meet its objectives. Take as a free meal ticket, breakdown of operations, slow decision making, lack of communication and trust are the real reason why 80% of hacked crypto projects never fully recover