In a report published by Odaily on November 12, 2026, at 08:36 (UTC+8), ARK Invest digital asset research head Lorenzo Valente said the crypto industry had lost about $26.9 billion to hacks since 2017, compared with roughly $47 billion in total on-chain revenue over the same period. That amounts to approximately $0.57 stolen for every $1 of on-chain revenue.
Valente also said a single Binance theft totaled $6.36 billion—more than the entire crypto industry’s on-chain revenue so far in 2026. He described security as a key bottleneck to the industry’s further development. These are Valente’s reported figures and assessment, not a measure of current market conditions.