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Here's a sobering reality check for the crypto space: roughly 4 out of 5 projects that suffer major security breaches never manage to regain their footing—at least not fully. The culprit behind this? Loss of community confidence, plain and simple.
When a hack happens, it's not just about the stolen funds. The real damage is psychological. Users abandon ship, trading volume dries up, and developers struggle to rebuild what was broken. Even with technical fixes in place, the reputational scar runs deep. Projects that once had momentum suddenly find themselves fighting an uphill battle against doubt and skepticism.
This is why security isn't just a technical issue—it's a market survival issue. The projects that bounce back? They're the ones that own the narrative, communicate transparently, and genuinely earn back trust through actions, not just promises.