October brought millions of dollars in losses due to the hacking of crypto companies.
Radiant Capital suffered losses twice, by $50M, and $36M, M2 wallet hacked for $13M.
October saw a 2.91% increase in losses from hacking attacks, with Radiant Capital and M2 Wallet being the main victims.
Despite the security-centric nature of blockchain technology, crypto hacks remain a significant issue due to vulnerabilities in existing infrastructure and social engineering.