---
title: "Crypto Hack Losses Equal 57 Cents for Every $1 in On-Chain Revenue Since 2017, ARK Analyst Says"
url: https://thecoingazette.com/crypto-hack-losses-equal-57-cents-for-every-1-in-on-chain-revenue-since-2017-ark-analyst-says/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "Lorenzo Valente, director of digital asset research at ARK Invest, said the crypto industry has lost..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 75
---

# Crypto Hack Losses Equal 57 Cents for Every $1 in On-Chain Revenue Since 2017, ARK Analyst Says

Lorenzo Valente, director of digital asset research at ARK Invest, said the crypto industry has lost approximately $26.9 billion to hacks since 2017, equivalent to 57 cents for every $1 of its roughly $47 billion in cumulative on-chain revenue over the same period. The $6.36 billion Binance hack alone exceeded the industry's total on-chain revenue so far in 2026, he said. Valente warned that security vulnerabilities have become a major bottleneck to the industry's growth.