Crypto Hacks Drop 85% in October as Market Faces Historic $20 Billion Crash
In October 2025, the crypto world experienced a quieter month in terms of security breaches, with only 15 major exploits reported that drained a total of $18.18 million. This marked a significant 85.7% drop compared to the previous month’s losses of $127 million, as reported by blockchain security firm PeckShield.
However, amidst the decrease in hack numbers, October 10th witnessed a dark day in crypto history. A sudden market crash wiped out over $20 billion in leveraged trades within a few hours, making it the largest liquidation event ever recorded. This event overshadowed the major exploits of the month, highlighting the unpredictable nature of the crypto space.
Despite the market crash dominating headlines, hackers were still active. Garden Finance suffered the biggest loss, with $11 million stolen, followed by Typus Finance with $3.4 million and Abracadabra.Money (MIM_Spell) with $1.8 million in losses. PeckShield also reported that over 8,600 ETH were moved through suspicious wallets, indicating ongoing cybercriminal activity.
The decrease in exploits may suggest that improved defenses and audits are working to enhance crypto security. However, experts caution that this period of calm could be temporary, as the market crash may have temporarily slowed down hacker activity and on-chain transactions. While October’s data provides a brief sense of relief, the volatile nature of the crypto market means that peace is often short-lived.
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