Hack (date and amount)
Projects that have been hacked are at risk of disappearing due to a lack of cash flow or a lack of confidence in their stability.
Projects that have been hacked are at risk of disappearing due to a lack of cash flow or a lack of confidence in their stability.
In the event of a hack, here are the points to watch out for:
- If the amount stolen was part of the project's cash flow, calculate what percentage it represents in relation to its market capitalization (market cap in circulation). If the stolen amount was part of the project's TVL (e.g., a liquidity pool), calculate what percentage it represents in relation to the TVL.
- The higher the percentage, the more likely the project is to shut down in the coming months.
- How the project responded: clear communication, cooperation with specialized companies, efforts to recover the funds.
- Did the project carry out additional comprehensive audits in the weeks following the hack?
Some projects emerge from this crisis stronger than ever, drastically increasing their level of security and communicating effectively - but this is rare.
Source: defillama.com. Click on the number to open the list of hacks.
This metric is part of the Security category