Crypto hacks drop 86% with $18.18M stolen in October
The post Crypto hacks drop 86% with $18.18M stolen in October appeared on BitcoinEthereumNews.com.
In a positive turn for crypto security, just $18.18 million was hacked in October, spanning 15 incidents, according to PeckShield. The figure represents an 85.7% fall from September’s $127.06 million total. Garden Finance, Typus Finance, and Abracadabra suffered the heaviest blows, contributing $16.2 million to the overall losses. As a result, the report indicates that October was one of the less tumultuous months for crypto-related breaches, reflecting improved protocol security. Hackers stole over $10 million from Garden Finance Garden Finance’s team announced on October 30 that attackers had stolen over $10 million through a solver breach. Though the hack was isolated to the solver’s inventory, it still bumped October’s overall losses. Without that incident, the tally would have stayed around $7.18 million — the lowest monthly loss since early 2023. By contrast, earlier months of 2025 saw multiple multi-million-dollar attacks targeting decentralized finance (DeFi) platforms and cross-chain protocols, driving the year’s cumulative total losses past the $1 billion mark by mid-year. Sui-based yield platform Typus Finance was also the victim of an oracle manipulation attack, which drained off as much as $3.4 million on October 15th. The exploit was later linked to a flaw in a TLP contract, causing its native token to tumble by 35%. Around the same time, Abracadabra, a DeFi lending platform, was hit by yet another exploit — its third overall — which cost it about $1.8 million in MIM tokens. The attack was down to a smart contract bug that allowed the thieves to bypass capital verification. Although the number of hack losses fell in October, analysts believe it is too early for the industry to be complacent. They noted that hackers are still perfecting new techniques, and some attacking groups, especially those linked to North Korea, are even trying to insert malware directly into…
Filed under: News - @ November 2, 2025 7:28 am