A shocking data point: nearly 80% of hacked crypto projects have never recovered their market value and user confidence to pre-incident levels. This is not just a numerical loss, but a complete collapse of the value system and a lifelong verdict on trust.
The seemingly invincible "code is law" myth has crumbled in the face of repeated hacker intrusions. It ruthlessly exposes the fatal vulnerabilities of most current blockchain protocols when facing organized attacks—rough economic model design, governance structure flaws, and superficial code audits.
Interestingly, against this backdrop, a category of "alternative" projects has begun to attract attention. Those blockchain protocols that have held themselves to the strict standards of traditional financial systems from inception are showing different potential in rebuilding trust.
Dusk Network (DUSK) is such a case. Its goal is clear: to build infrastructure for regulated institutional finance. Its obsession with security is almost obsessive—not blindly pursuing the utopia of "absolute decentralization," but insisting on "verifiable, auditable, attack-resistant certainty."
In an industry where hacker attacks have become a "common disease," this kind of "conservatism" and "caution" might just be the best medicine for healing trust wounds.
**Why do hacker attacks cause such deep harm?**
On the surface, it's asset theft; in essence, what is destroyed is the most precious asset of the project: user confidence. This destruction is multi-dimensional:
Trust at the technical level is completely shattered. The emergence of vulnerabilities proves the sloppiness of audit processes, and the claimed "trustless" mechanism is actually a house of cards. The governance layer also collapses—users begin to doubt the project's safety responsibility awareness and emergency response capabilities. The fragility of the business model is also laid bare.
When the trust chain breaks, the cost of rebuilding becomes infinitely high. Most projects fall into a spiral decline after incidents because the market provides them with extremely limited recovery windows.
At this point, those projects that have always regarded security as a first principle become even clearer in their value logic. They do not gamble on rapid innovation but bet on certainty and reliability—precisely what institutional users and regulatory environments find most scarce.
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RebaseVictim
· 8h ago
80% not recovered... Hey wait, how did that 20% survive? Is it really safe or just good luck?
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That same argument of "conservative is the way to go" is getting old, but... it seems to have some truth to it.
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Projects like dusk that are considered "boring" are actually able to survive until now? Maybe we chose the wrong track from the start.
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Once trust is broken, it can't be glued back together. That hits hard.
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So ultimately, audits are just a facade; no matter how many promises are made, they can't save the situation.
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Wait, do institutional-grade finance really need to be decentralized? Then what is Web3 called?
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I've never seen a project that can recover after an attack.
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Is this article trying to persuade us to go all-in on traditional finance? Feels a bit off.
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Code is law... Haha, get hacked once and you'll realize code can also lie.
View OriginalReply0
BackrowObserver
· 8h ago
80% haven't recovered, this data is really incredible... It seems most projects sacrifice security for speed, and once hacked, they're gone.
Being more conservative might actually be better, isn't it ironic?
The phrase "code is law" now sounds like a joke; someone still needs to keep an eye on things.
View OriginalReply0
MEVvictim
· 8h ago
80% of projects are completely finished after being hacked, no one trusts anymore
Really, after seeing this kind of thing so many times, you become numb. Those who die in succession are all
Actually, it's just that audits are virtually useless, just finding someone to go through the motions
Those projects that claim to be decentralized are the most fragile, which is ironic
To be safe, you still need to find those who truly take security seriously, not messing around with flashy stuff
Once trust is broken, it can't be glued back, which is more despairing than losing money
So some "conservative" projects tend to last the longest, it's no coincidence
Anyway, the first thing I look at when choosing a project now is the audit and security record, everything else is secondary
View OriginalReply0
VirtualRichDream
· 8h ago
80% of projects fail and never recover, this data is really shocking, indicating that security is not something to be fixed later; it must be regarded as a priority from the very beginning.
Waking up to find that certain projects have been exposed with vulnerabilities, how did the audits pass... supposed to be tamper-proof, but in reality, they are more fragile than traditional finance.
Conservativeness has become a rare commodity, which is somewhat ironic.
Audits are like formalism; they pass on paper but still fail in practice. No wonder people are starting to favor projects that prefer stability over speed.
After this wave of market activity, it seems that those who truly survive are the ones who treat security as their main sustenance.
Code is law... laughable, because even the law can't protect your wallet, and code is even less capable.
View OriginalReply0
PriceOracleFairy
· 9h ago
ngl the 80% statistic hits different when you realize it's basically a permanent market inefficiency that nobody's arbitraging away... trust erosion really does create the widest bid-ask spreads, huh
Reply0
MemeKingNFT
· 9h ago
80% of projects are doomed the moment they go black; how heartbreaking is that number? I’ve already said it, those who boast every day about "trustlessness" are just fooling themselves; as soon as a vulnerability appears, their true nature is exposed. I’ve seen too many of these scenarios when trading NFTs before; blue-chip projects carry risks that are outrageously high.
View OriginalReply0
0xSleepDeprived
· 9h ago
Once trust is broken, it's truly shattered. The number 80% is a bit despairing...
Code is law? Uh, uh, uh, code can have vulnerabilities too.
Being conservative instead becomes a selling point, which is quite ironic.
Why is security always so difficult?
Another story about institutional-grade infrastructure. Let's see how far it can go.
A shocking data point: nearly 80% of hacked crypto projects have never recovered their market value and user confidence to pre-incident levels. This is not just a numerical loss, but a complete collapse of the value system and a lifelong verdict on trust.
The seemingly invincible "code is law" myth has crumbled in the face of repeated hacker intrusions. It ruthlessly exposes the fatal vulnerabilities of most current blockchain protocols when facing organized attacks—rough economic model design, governance structure flaws, and superficial code audits.
Interestingly, against this backdrop, a category of "alternative" projects has begun to attract attention. Those blockchain protocols that have held themselves to the strict standards of traditional financial systems from inception are showing different potential in rebuilding trust.
Dusk Network (DUSK) is such a case. Its goal is clear: to build infrastructure for regulated institutional finance. Its obsession with security is almost obsessive—not blindly pursuing the utopia of "absolute decentralization," but insisting on "verifiable, auditable, attack-resistant certainty."
In an industry where hacker attacks have become a "common disease," this kind of "conservatism" and "caution" might just be the best medicine for healing trust wounds.
**Why do hacker attacks cause such deep harm?**
On the surface, it's asset theft; in essence, what is destroyed is the most precious asset of the project: user confidence. This destruction is multi-dimensional:
Trust at the technical level is completely shattered. The emergence of vulnerabilities proves the sloppiness of audit processes, and the claimed "trustless" mechanism is actually a house of cards. The governance layer also collapses—users begin to doubt the project's safety responsibility awareness and emergency response capabilities. The fragility of the business model is also laid bare.
When the trust chain breaks, the cost of rebuilding becomes infinitely high. Most projects fall into a spiral decline after incidents because the market provides them with extremely limited recovery windows.
At this point, those projects that have always regarded security as a first principle become even clearer in their value logic. They do not gamble on rapid innovation but bet on certainty and reliability—precisely what institutional users and regulatory environments find most scarce.