Hacking News
Hackers Steal $8.7 Billion in Crypto
Crypto hackers have stolen $8.7 billion so far in 2026, surpassing the projected annual on-chain revenue generated across the industry. According to ARK’s research director, Lorenzo Valente, hackers stole $8.7 billion since 2017, which is more than the estimated $5.6 billion in on-chain revenue for 2026. The recent $6.3 billion stolen in the Binance hack alone exceeded Valente’s estimate for full-year 2026 on-chain revenue. The hacking incidents have negatively impacted the institutional appetite for DeFi, with the total value locked in decentralized finance (DeFi) falling nearly 10% since the Binance exploit.