Hackers Take 57¢ Per $1
Paying to move or trade crypto is like paying a toll. Networks and their apps collect fees; those earnings are called on-chain revenue. That is not all the money people invest in ...
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Paying to move or trade crypto is like paying a toll. Networks and their apps collect fees; those earnings are called on-chain revenue.
That is not all the money people invest in crypto.
ARK Invest estimates that, since 2017, crypto suffered about $26.9 billion in hacks against roughly $47 billion in on-chain revenue: about 57¢ stolen per $1 earned. BeInCrypto reports the comparison uses Token Terminal and DefiLlama data.
I opened a market stall. Apparently the till came with a takeaway hatch.
For 2026, DefiLlama's $8.78 billion hack total already exceeds ARK's $5.6 billion revenue estimate. BeInCrypto reports this is the first such reversal since 2020.
But 1 enormous exchange breach accounts for about 72% of the year's losses. Remove it and the picture changes substantially.
These are estimates with different clocks: ARK projects a full year from the first 3 quarters, while the hack tally stops on November 11. This is not a finished-year scorecard, nor does the ratio mean every customer lost 57% of their money.
The useful lesson: distinguish fees earned from money held or invested. A busy till and a secure till are different achievements.
Hardships are coming. I, the Big Dreamer, created this token to help the people.
I truly do see this token going up in value. Ride the rocket with me and let's see where the next 24 months take us.
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The absurd
Why this is ridiculous
The stolen share exceeds half the industry's estimated fee earnings.
The breakdown
How it breaks down
On-chain revenue means fees users pay networks and their apps.
The upside
Why it could matter
Compare theft against fees, not all money invested in crypto.
Sources
https://beincrypto.com/crypto-hack-losses-surpass-revenue-2026/


