ARK Invest digital-assets research head Lorenzo Valente said 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. In a post reported by TechFlow on November 12, 2026, he framed that comparison as roughly 57 cents in stolen assets for every $1 of on-chain revenue.
Valente also said a $6.36 billion loss from a Binance hack exceeded all on-chain revenue recorded so far in 2026. He argued that security is a bottleneck for the industry’s development. These are Valente’s reported figures and assessment; the brief report does not provide the underlying calculations.
Original report: TechFlow, published November 12, 2026, at 08:44 (UTC+8).