2026 Crypto Hack Losses Hit $8.78B, Exceeding On-Chain Revenue for First Time

According to BeInCrypto, DefiLlama data shows crypto hack losses in 2026 have reached $8.78 billion, exceeding ARK Invest's estimated on-chain revenue of $5.6 billion for the year, the first time since 2020. Lorenzo Valente of ARK cited Token Terminal and DefiLlama data in a November 12 post, saying the crypto industry has lost $26.9 billion to hacks since 2017, while on-chain revenue reached $47 billion.

The Binance hack on October 29 involved $6.36 billion, accounting for about 72% of total losses in 2026. The U.S. Federal Bureau of Investigation attributed it to the North Korean TraderTraitor hacking group; Binance said it had covered about 98% of the stolen funds using its own reserves. Excluding the Binance incident, losses in 2026 were about $2.42 billion, lower than $2.72 billion in 2025, but recorded incidents rose to 342, compared with 148 in 2025.

DeFi protocols lost $1.19 billion in 2026 across 243 incidents, up 58% from $757 million in 2025. ARK's estimate for on-chain revenue in 2026 is lower than the $8.9 billion recorded in 2025.

Source: TechFlow