ARK Head of Digital Asset Research: Crypto Market Loses About 24 Basis Points of Market Cap to Hacks on Average Each Year

TechFlow reported on November 3 that, according to a post by Lorenzo Valente, Head of Digital Asset Research at ARK Invest, the crypto market has lost assets equivalent to an average of 24 basis points of market cap each year to hacks since 2018.

He said losses from fraud in the U.S. banking system amount to 1.7 basis points of deposits, about 14 times lower than the crypto figure. Valente believes hacks are a hidden cost of crypto trading and value storage, ultimately borne by users and weakening the competitiveness of crypto networks.

The accompanying chart shows that as of October 30, 2026, approximately $8.5 billion in crypto assets has been stolen, equivalent to 0.33% of the average crypto market cap for the year, including $6.36 billion stolen from Binance.

Source: TechFlow