ARK Invest Digital Asset Research Head Lorenzo Valente reported that the crypto industry has lost approximately $26.9 billion to hacks since 2017, compared to roughly $47 billion in total on-chain revenue over the same period. This implies that for every dollar of on-chain income generated, about 57 cents worth of assets have been stolen. Valente highlighted that losses from the Binance hack alone ($6.36 billion) exceeded the entire year's on-chain revenue for 2026. He argued that security remains a critical bottleneck for the crypto industry's development.