Crypto Hacks Plummet 85% Amid Historic $20 Billion Market Crash
October 2025 delivered a paradoxical landscape for crypto markets. Security breaches declined sharply, with PeckShield data revealing just $18.18 million stolen across 15 major exploits—an 85.7% drop from September's $127 million losses. Yet this relative calm was shattered on October 10, when Leveraged positions worth $20 billion vaporized in hours, marking the largest liquidation event in crypto history.
Garden Finance bore the brunt of October's exploits with an $11 million theft, followed by Typus Finance ($3.4 million) and Abracadabra.Money ($1.8 million). While blockchain forensics traced movement through suspicious wallets, the dramatic reduction in hack volumes raises questions: Are improved smart contract audits and security protocols finally paying dividends, or is this merely the eye of a storm?
The market's violent swings overshadowed even the most brazen exploits, underscoring crypto's enduring volatility. As analysts debate whether the security improvement reflects structural progress or opportunistic hackers biding time, one truth remains self-evident—in crypto, complacency is the most expensive luxury.
