A post by @PeckShieldAlert on X.

In October 2026, the crypto industry suffered 56 major hacks resulting in total losses of $6.48B, a roughly 745% month-over-month surge from September's $766.49M, according to PeckShield. The dominant event was a ~$6.3B breach at Binance, of which $3B has already been frozen, making it the year's largest theft and pushing the top 10 hacks to 92.3% of 2026's cumulative losses of $8.6B before frozen and returned funds. The Binance incident now ranks ahead of the Bitget exploit (~$387M) and the Liquid Network incident (~$320M, with $285M returned), which fall to #2 and #3, while other notable breaches included Drift ($292M), KelpDAO/LayerZero ($285M), and a COLDCARD wallet compromise ($130M). The concentration of losses in a single exchange event underscores counterparty and custody risk as the sector's dominant security theme this year. Watch for updates on the recovery of the remaining ~$3.3B in unfrozen Binance funds and whether October's loss total prompts renewed regulatory scrutiny of exchange security practices.