In November 2025, the cryptocurrency industry suffered record losses due to hacking attacks. According to analysts at PeckShield, around 15 major hacks were recorded during the month, with total losses amounting to $194.27 million. This represents a 969% increase compared to October, when losses were only $18.18 million.
This is reported by Business • Media
Major Incidents and Involved Platforms
- Balancer v2 and its forks — losses reached $137.4 million, of which $39 million was recovered. The main cause was an exploit that allowed attackers to withdraw liquidity from the protocol’s pools.
- Upbit — the South Korean cryptocurrency exchange lost $36 million due to unauthorized withdrawal of assets from a hot wallet on the Solana network.
- Yearn Finance — as a result of an attack on the yETH index product, attackers managed to withdraw $9 million. The vulnerability allowed assets to be withdrawn in a single transaction.
- Hyperliquid — $4.95 million was lost due to an incident with a liquidity provider on this exchange.
- GANA — due to an attack on the BNB Smart Chain network, the platform lost $3.1 million, with attackers quickly transferring assets between different networks.
Loss Dynamics and Overall Industry Situation
The information about the losses confirms the trend of increasing cyberattacks in the cryptocurrency sector. Specifically, in the first half of 2025, estimates by Hacken indicated that total losses in the crypto industry exceeded $3 billion.
In November 2025, losses from hacking attacks reached $194 million.