Summary:
- Cryptocurrency projects that have been hacked often struggle to fully recover, even years later. This is because the hacks can erode user trust and lead to significant financial losses.
- Hacked projects may face ongoing technical and operational challenges as they work to improve security and regain user confidence. The reputational damage from a hack can be difficult to overcome.
- Experts recommend that crypto projects prioritize robust security measures from the start to prevent hacks and protect user funds. Recovering from a major hack is an uphill battle that many projects are unable to win.