A new report from Immunefi, "State of Onchain Security 2026," highlights that crypto hacks inflict damage long after the initial theft. While the immediate loss is significant, the greater problem is the "slower collapse" impacting a project's future, leading to token price declines, shrinking treasuries, and loss of credibility. The report found hacked tokens experienced a median six-month decline of 61%, with 84% failing to recover their pre-hack price. Despite a lower median theft of $2.2 million in 2024-2025, the average theft remained high at $24.5 million, with a few large exploits, like Bybit's $1.5 billion incident, dominating annual losses and exposing critical chokepoints in the industry.

A new report from Immunefi, "State of Onchain Security 2026," highlights that crypto hacks inflict damage long after the initial theft. While the immediate loss is significant, the greater problem is the "slower collapse" impacting a project's future, leading to token price declines, shrinking treasuries, and loss of credibility. The report found hacked tokens experienced a median six-month decline of 61%, with 84% failing to recover their pre-hack price. Despite a lower median theft of $2.2 million in 2024-2025, the average theft remained high at $24.5 million, with a few large exploits, like Bybit's $1.5 billion incident, dominating annual losses and exposing critical chokepoints in the industry.