Crypto Hacks Drop 85% in October as Market Faces Historic $20 Billion Crash

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Well, well, well, October 2025 was a bit of a snooze-fest for crypto hackers… but don’t get too comfy. According to the blockchain watchdogs over at PeckShield, there were still 15 major “oops” moments where a total of $18.18 million vanished into the digital ether. Sounds dramatic, right? But wait! That’s a whopping 85.7% drop from the jaw-dropping $127 million hackers made off with in September. Let’s all take a moment and appreciate the “progress.”

$20 Billion Vanished in Hours (Wait, What?)

Oh, but don’t get too excited just yet, because on October 10th, crypto history was made… for all the wrong reasons. A market crash of epic proportions wiped out a jaw-dropping $20 billion in leveraged trades in just a few hours. That’s right – the largest liquidation event in the history of crypto. And here we thought it couldn’t get any worse. Spoiler: It did.

The hack headlines? They were totally overshadowed by this financial apocalypse. If crypto’s unpredictable nature were a soap opera, October would’ve been the season finale where everything goes up in flames. Plot twist: No one saw this coming.

Garden Finance Takes the Biggest Hit (Cue the Sympathy)

Despite the fiery chaos in the market, hackers didn’t take a vacation. They were still busy making their rounds, robbing from the rich and… well, mostly the unlucky:

  • Garden Finance: $11 million in the ol’ crypto wallet heist. Yikes!
  • Typus Finance: A cool $3.4 million got swiped here.
  • Abracadabra.Money (MIM_Spell): A measly $1.8 million went poof.

PeckShield kept tabs on the stolen goods, tracking over 8,600 ETH slipping through suspicious wallets. Just a casual day at the office for cybercriminals, right? 🕵️‍♂️💰

Is Crypto Security Finally Getting Smarter – Or Just Taking a Nap?

Now, the drop in hacking activity might look like the crypto world finally wised up and built some decent defenses. Maybe audits are working, or maybe hackers just hit the snooze button for a bit. Who knows? Experts are all over the place, suggesting the lull could be temporary. They’re convinced the market crash just slowed everything down, including the hackers. Guess we’ll just have to wait and see.

For now, we can all breathe a little easier, but don’t get too comfortable. In the crypto world, a quiet month is like a calm before the storm. Peace is just a temporary illusion – it’s only a matter of time before the next big bang.

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2025-11-01 16:53