Crypto hacking losses total $8.776 billion... Binance incident $6.36 billion

Crypto hacks totaled 328 incidents and $8.776 billion in losses in 2025, according to DefiLlama data as of November 4, with the October Binance hot wallet breach accounting for $6.36 billion as the largest single event. Binance disclosed on October 30 that the hot wallet compromise affected roughly $6.3 billion in assets. Crypto Briefing reported losses above $1.1 billion with a recovery rate under 1%, though the article notes the metric's scope and period are unclear, limiting its use as an industry-wide figure. The concentration of losses in one exchange incident underscores how single-point custody failures can dominate annual totals. Watch next for updated recovery figures and whether the Binance event's final loss tally is revised.