Issuer Blacklists Recovered Nothing in 60 Crypto Exploits, Blockaid Finds

Blockaid found that issuers blacklisted funds in 60 crypto exploits between January and August but recovered essentially nothing, with victims getting back only $9.8 million of the $1.18 billion traced. Every dollar frozen or returned came through governance or validator action rather than issuer blacklisting. The finding undercuts confidence in centralized blacklist mechanisms as a loss-recovery tool, a negative for investor trust in token issuers' security promises, though it is a research report rather than a market-moving event.