As reported by ChainCatcher on November 12, 2026, at 08:35 (+08:00), ARK Invest digital assets research head Lorenzo Valente said the crypto industry had lost approximately $26.9 billion to hacks since 2017. He compared that with roughly $47 billion in total on-chain revenue over the same period—about $0.57 in stolen assets for every $1 of on-chain revenue.
Valente said a single Binance theft amounted to $6.36 billion, exceeding the crypto industry’s total on-chain revenue for 2026 through the time of the report. He described security as a key bottleneck for the industry’s development. These figures describe reported losses and revenue, not a price or market-timing signal.