56 Virtual Asset Security Incidents in October; Losses Surge 745% from Previous Month

October crypto security incidents totaled 56, with losses of roughly $6.48 billion (about 8.65 trillion won), a 745% increase in dollar terms from September's approximately $766 million (about 1.02 trillion won), according to blockchain security firm PeckShield's monthly tally. The Binance security incident accounted for the bulk of October's losses at approximately $6.3 billion (about 8.41 trillion won), making it the dominant driver of the month-over-month surge. Binance announced on October 30 that it had frozen about $3 billion (about 4.05 trillion won) in related assets on-chain, though frozen funds—assets with restricted movement—remain distinct from recovered amounts. The company's customer service center had previously identified a compromised employee PC as the attack's entry point. The concentration of nearly all October losses in a single exchange breach underscores how one large exploit can skew industry-wide security metrics. Watch for updates on whether the frozen $3 billion is converted into actual recoveries and for any further disclosure on the breach's scope.