According to ARK Invest data, the crypto industry has lost $26.9 billion to hacks since 2017 while generating $47 billion in on-chain revenue, equal to 57 cents stolen for every dollar earned. Revenue generally exceeded losses between 2021 and 2025, but 2026 is already on pace to be the worst year on record, with $8.7 billion stolen, including $6.3 billion from Binance. The late-October attack has wiped out most of the year’s estimated $5.6 billion in on-chain revenue. Tether, Circle and other blockchain partners froze about $3 billion, while Binance pledged to compensate victims using its SAFU funds, corporate treasury and related reserves. The FBI and several security firms attributed the attack to TraderTraitor, a group they linked to North Korea, which denied the allegation.
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