COINTELEGRAPH · 2026-11-12 13:32 UTC

Crypto hack losses equal 57 cents per $1 earned onchain: Ark's Valente

Crypto hackers have stolen 57 cents for every $1 earned onchain by blockchain protocols since 2017, according to ARK Investment Management's Lorenzo Valente. Year to date, $8.7 billion has been lost to crypto hacks, already above the $5.6 billion estimated onchain revenue for 2026. The $6.3 billion Binance hack alone exceeded Valente's full-year 2026 onchain revenue estimate, and DeFi total value locked has fallen nearly 10% since the exploit.

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