Crypto Hacks Plunge 85% in October 2025 – But Why? 🚨

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In the autumnal month of October, the cryptocurrency realm found itself in a state of unexpected respite, as if the very coins had taken a siesta.

According to the meticulous records of the blockchain security firm PeckShield, the total value siphoned through illicit means amounted to a mere $18.18 million, a figure that would make even the most stoic of investors weep with relief. 🤡

Crypto Hacks Hit Year-Low Even as New Risks Emerge

The most notorious of these transgressions unfolded at the hallowed halls of Garden Finance, Typus Finance, and Abracadabra, whose combined misfortunes accounted for a staggering $16.2 million. 🕵️‍♂️

Garden Finance, a Bitcoin peer-to-peer protocol, disclosed on October 30 that it had been exploited for more than $10 million after one of its solvers was compromised. The breach, which affected only the solver’s own inventory, pushed October’s loss figures higher in the final hours of the month, as if the cosmos itself were conspiring to add a final flourish to the month’s narrative. 💸

Without the Garden Finance incident, total losses would have hovered near $7.18 million – the lowest single-month value since early 2023. A triumph of moderation, or merely a pause before the next storm? 🌪️

Typus Finance, a yield platform built on Sui, suffered an oracle manipulation attack on October 15. The exploit drained roughly $3.4 million from its liquidity pools, a reminder that even the most elegant systems are vulnerable to the prying hands of chaos. 🧠

Investigators later traced the attack to a flaw in one of its TLP contracts, which caused the project’s native token to drop by about 35%. A lesson in humility for those who believed they could outwit the algorithm. 😅

Around the same time, DeFi lending platform Abracadabra endured its third exploit since launch. The attack resulted in roughly $1.8 million in MIM stablecoin losses after hackers bypassed solvency checks through a smart contract vulnerability. A tale as old as time, but with more decimals. 🤖

While October’s modest loss figures suggest improved protocol security, cybersecurity experts warn that the threat landscape continues to evolve. A dance of shadows and light, where every step forward is met with a dozen steps back. 🕺

Earlier this month, BeInCrypto reported that state-sponsored groups, particularly North Korea-linked hackers, are experimenting with embedding malicious code directly into blockchain networks. A new frontier of cyberwarfare, where the lines between art and destruction blur. 🧠

Essentially, this emerging phase of blockchain-focused cyberwarfare highlights a sobering reality: while DeFi protocols strengthen their defenses, threat actors continue to evolve at the same pace. A cat-and-mouse game with no clear victor, only more intricate traps. 🐈‍⬛

So, the industry’s best month of 2025 may therefore mark a temporary reprieve rather than the start of lasting safety. A fleeting breath before the next avalanche of chaos. ⚠️

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2025-11-01 22:22