Crypto Hack Losses Head Past On-Chain Revenue for First Time Since 2020
AI summary
Crypto hack losses have hit $8.78 billion in 2026, according to DefiLlama, exceeding ARK Invest's $5.6 billion estimate for on-chain revenue this year — the first time that has happened since 2020. A single attack accounts for most of the total, and DeFi protocols lost 58% more in 2026 than in all of 2025. Traders should note that security risk is now outpacing the revenue the industry generates, a poor signal for DeFi confidence and capital flows.
