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Shocking: Coin Value Drops 50% to 100% Even Six Months After a Hack Cryptonews 22 Aug 2024

Shocking: Coin Value Drops 50% to 100% Even Six Months After a Hack 💔

The market impact of a hack is not just immediate but can intensify over time. As per Immunefi's findings, this adverse effect on coin value can persist for at least six months post-incident.

This indicates that the repercussions of a security breach in the crypto world extend far beyond the initial shock, with coins potentially losing 50% to 100% of their value over an extended period. This extended timeline of market impact emphasizes the critical need for enhanced security measures.

Source: cryptonews.com ↗