ARK Digital Assets Research Head: Crypto Hacking Losses Total About $26.9 Billion Since 2017

TechFlow reported on Nov. 12 that, according to a post by Lorenzo Valente, Head of Digital Assets Research at ARK Invest, the crypto industry has lost about $26.9 billion to hacks since 2017, while on-chain revenue over the same period was about $47 billion.

Valente said this is equivalent to about 57 cents of assets stolen for every $1 of on-chain revenue earned by the industry. The $6.36 billion loss from the Binance hack alone exceeded all on-chain revenue in 2026 year-to-date; he believes security is a bottleneck for industry growth.

Source: TechFlow