Crypto Industry Lost 57 Cents to Hackers for Every $1 Earned Onchain Since 2017

TL;DR Crypto protocols and platforms have lost $26.9 billion to hacks since 2017 while generating $47 billion in onchain revenue, equal to 57 cents stolen for every $1 earned. Hack losses reached about $8.7 billion in 2026, already above ARK’s estimated $5.6 billion in annual onchain revenue, though the comparison remains provisional. The $6.36 billion Binance breach heavily distorts this year’s total, while DeFi losses also increased independently across 243 incidents. Blockchain protocols and crypto platforms have lost $26.9 billion to hacks since 2017 while generating about $47 billion in onchain revenue, according to figures shared by ARK Invest digital asset research director Lorenzo Valente. In an X post , Valente said the comparison means roughly 57 cents were stolen for every $1 earned onchain over the period.

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