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Add as a preferred source on GoogleLorenzo Valente Says Crypto Hacks Cost $26.9 Billion Since 2017
He put on-chain revenue at about $47 billion over the same period, or roughly 57 cents in losses for every dollar earned.
ARK Invest digital asset research chief Lorenzo Valente said crypto hacks have cost the industry about $26.9 billion since 2017, equal to roughly 57 cents in stolen assets per dollar of on-chain revenue.
Valente put on-chain revenue over the same period at about $47 billion.
Valente also put losses from a single Binance theft at $6.36 billion, more than the crypto industry’s on-chain revenue so far in 2026. He described security as a key constraint on the industry’s development.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.