October 2025 turned out to be a quieter month for crypto security breaches – but not without drama. According to data shared by blockchain security company PeckShield, About 15 major exploits cost a total of almost $18.18 million. While this figure sounds alarming, it actually represents a massive 85.7% drop from September’s staggering $127 million in losses.
$20 billion disappeared within hours
As hacking rates fell sharply, October 10 became one of the darkest days in crypto history. A sudden market crash wiped out more than $20 billion in leveraged trades within hours, marking the largest liquidation event ever.
The chaos overshadowed even the biggest exploits of the month, proving once again how unpredictable the crypto space can be.
Garden Finance tops the hack list
Even though the market crash made headlines, the hackers didn’t completely rest.
- Garden Finance was the biggest victim, losing $11 million.
- Typus Finance followed with $3.4 million stolen.
- Abracadabra.Money (MIM_Spell) came in third, reporting $1.8 million in losses.
PeckShield also tracked and displayed stolen money more than 8,600 ETH transported through suspicious wallets, proving that cybercriminals are still active behind the scenes.
Is Crypto Security Finally Improving – Or Is It Just Taking a Break?
The sharp decline in exploits could indicate that better defenses and audits are working. But experts warn the calm could be temporary. Many believe that the market crash simply slowed down hacker activity and on-chain transactions.
For now, October’s data offers a brief sigh of relief, but peace rarely lasts long in crypto.
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