[ARK Invest: Crypto Industry Loses $26.9 Billion Due to Hacking Since 2017, Equivalent to 57% of On-Chain Revenue] According to Lorenzo Valente, Head of Digital Asset Research at ARK Invest, the crypto industry has lost approximately $26.9 billion due to hacking since 2017, while total on-chain revenue during the same period was approximately $47 billion. This means that for every $1 of on-chain revenue generated by the industry, approximately $0.57 of assets are stolen due to hacking. Binance suffered a single theft of $6.36 billion, exceeding even the entire crypto industry's on-chain revenue so far in 2026. Valente believes that security issues have become a key bottleneck restricting the further development of the crypto industry.