ARK Invest: Crypto Industry Has Lost $26.9 Billion to Hacks Since 2017, Equivalent to 57% of On-Chain Revenue

Odaily reports that Lorenzo Valente, Head of Digital Asset Research at ARK Invest, stated that since 2017, the crypto industry has cumulatively lost approximately $26.9 billion to hacks, while total on-chain revenue over the same period amounted to about $47 billion. This means that for every $1 of on-chain revenue generated by the industry, approximately $0.57 in assets is stolen through hacks.

Among these, a single hack on Binance resulted in losses of up to $6.36 billion, exceeding the entire crypto industry's on-chain revenue for 2026 to date. Valente believes that security issues have become a key bottleneck constraining the further development of the crypto industry.