ARK Invest: The crypto industry suffers losses of approximately $26.9 billion due to hacker attacks
2026-11-12 08:37:25
According to CoinMeta, Lorenzo Valente, the head of digital asset research at ARK Invest, stated that since 2017, the crypto industry has lost approximately $26.9 billion due to hacker attacks, while the total on-chain revenue during the same period was about $47 billion. This means that for every $1 in on-chain revenue generated, about $0.57 worth of assets were stolen. Among these, Binance suffered a single theft of up to $6.36 billion, which even exceeds the on-chain revenue of the entire crypto industry so far in 2026. Valente believes that security issues have become a key bottleneck restricting the development of the crypto industry.
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