In a report published on November 12, 2026, at 08:44 (UTC+8), TechFlow cited ARK Invest head of digital asset research Lorenzo Valente as saying that crypto hacks had caused approximately $26.9 billion in losses since 2017, compared with about $47 billion in on-chain revenue over the same period.
Valente framed that comparison as roughly 57 cents in stolen assets for every $1 of on-chain revenue. He also said losses from the Binance hack alone totaled $6.36 billion, exceeding all on-chain revenue recorded so far in 2026. In his view, security is a bottleneck for the industry’s development.
These are Valente’s reported estimates and assessment, not a measure of current market conditions or a price signal.