ARK Invest: The crypto industry has lost $26.9 billion due to hacking since 2017, equivalent to 57% of on-chain revenue.

Odaily Planet Daily News: Lorenzo Valente, Head of Digital Asset Research at ARK Invest, stated that since 2017, the cryptocurrency industry has suffered cumulative losses of approximately $26.9 billion due to hacking attacks, while total on-chain revenue during the same period reached about $47 billion. This means that for every $1 of on-chain revenue generated, roughly $0.57 in assets were stolen by hackers. Notably, Binance alone lost $6.36 billion in a single incident—exceeding the entire on-chain revenue of the crypto industry to date in 2026. Valente believes that security issues have become a critical bottleneck limiting further development of the crypto industry.