Lorenzo Valente, ARK Invest’s digital assets research head, estimates crypto hacking losses since 2017 at 57% of on-chain revenue, a cumulative measure of the burden from hacking across the global crypto market.
The comparison covers the full span beginning in 2017. It does not describe losses in a typical year or any single year, and uses on-chain revenue—not market capitalization—as its benchmark.
In an earlier estimate, Valente said hacking losses averaged 0.24% of crypto market capitalization annually from 2018 onward. That figure uses market value as its denominator and an annual average, making it a separate measure from the 57% comparison. EconoTimes’ earlier coverage of Valente’s warning that hack costs may reach customers also reported his argument that crypto businesses may pass some breach-related expenses on to customers.
