Wu Blockchain · 2026-11-12 00:54 UTC

Crypto Hack Losses Equal 57 Cents for Every $1 in On-Chain Revenue Since 2017, ARK Analyst Says Lorenzo Valente @LorenzoARK , director of digital asset research at ARK Invest, said the crypto industry has lost approximately $26.9 billion to hacks since 2017, equivalent to 57 cents for every $1 of its roughly $47 billion in cumulative on-chain revenue over the same period. The $6.36 billion Binance hack alone exceeded the industry's total on-chain revenue so far in 2026, he said. Valente warned that security vulnerabilities have become a major bottleneck to the industry's growth.

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