PeckShield: 56 major crypto hacks occurred in the crypto industry in October, resulting in $6.48 billion in losses, a 745% month-over-month surge.

PeckShield reports that October 2026 saw 56 major crypto hacks resulting in approximately $6.48 billion in losses, a 745% surge from September's $766.49 million. The Binance breach accounted for roughly $6.3 billion, making it the largest crypto theft year-to-date, with about $3 billion in assets frozen. Bitget lost approximately $387 million and Liquid Network approximately $320 million, ranking second and third for the year, with Liquid Network recovering about $285 million. Cumulative 2026 hack losses now stand at roughly $8.6 billion as of October 31, with the top ten attacks representing 92.3% of total losses. Figures exclude frozen and recovered funds, meaning net losses could be lower. Watch for updates on the Binance freeze and whether November's incident count and loss totals moderate from October's spike.