In October 2025, the cryptocurrency market witnessed a significant security improvement, with total losses from hacks and exploits dropping by 85.7% to $18.18 million across 15 incidents, compared to $127.06 million in September, according to data from blockchain security firm PeckShield.
The decline was driven by a reduction in major breaches, though key incidents included Garden Finance, a Bitcoin peer-to-peer protocol, which suffered an exploit of over $10 million after one of its solvers was compromised in late October. Typus Finance, a yield platform on the Sui blockchain, lost $3.4 million from an oracle manipulation attack on October 15, causing a 35% drop in its native token price. Abracadabra, a decentralized finance lending platform, experienced its third hack, resulting in approximately $1.8 million in MIM stablecoin losses due to a smart contract vulnerability that bypassed solvency checks.
Without the Garden Finance incident, October's losses would have been closer to $7.18 million, marking the lowest monthly figure since early 2023. However, cybersecurity experts caution that threats are evolving, with state-sponsored groups, particularly those linked to North Korea, experimenting with new tactics like embedding malicious code directly into blockchain networks to bypass traditional security layers.
This shift highlights ongoing risks, as attackers continue to adapt, potentially leading to increased targeted attacks on critical infrastructure in the coming months. Despite the temporary respite, the industry stresses the need for continued vigilance and investment in security measures to address emerging challenges.
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