ARK Digital Asset Research Chief: Crypto Hacking Losses Have Reached Approximately $26.9 Billion Since 2017

TechFlow reported that on November 12, Lorenzo Valente, head of digital asset research at ARK Invest, stated in a post that since 2017, the crypto industry has lost approximately $26.9 billion to hacker attacks, while on-chain revenue over the same period totaled around $47 billion.

Valente noted that this equates to roughly 57 cents of assets stolen for every $1 of on-chain revenue generated. The $6.36 billion loss from the Binance hack alone surpasses all on-chain revenue so far in 2026; he believes security is a bottleneck for the industry's development.