ARK Invest: The cryptocurrency industry has accumulated losses of 26.9 billion USD

ARK Invest's Head of Digital Asset Research, Lorenzo Valente, stated that since 2017, the cryptocurrency industry has lost approximately $26.9 billion due to hacking attacks, while the total on-chain revenue during the same period was about $47 billion, which means that for every $1 of on-chain revenue generated, assets worth about $0.57 were stolen.

Among these, Binance was hacked for as much as $6.36 billion, even exceeding the entire on-chain revenue of the cryptocurrency industry so far in 2026. Valente believes that security issues have become a key bottleneck restricting the development of the cryptocurrency industry.