๐ Despite the bumps, the crypto market remains resilient! ๐
In October, the crypto world faced $88M in losses due to hacks, according to Peckshield. This is the second-lowest monthly loss this year, showing progress in security measures. Major hits included Radiant Capital losing $54M, a US seizure fund hacked for $2M, and Eigenlayer losing $5.7M.
DeFi platforms like Sunray Finance and Tapioca Foundation also faced private key compromises. Yet, the market's ability to recover and adapt is a testament to its strength. Onward and upward! ๐ช #Crypto #Blockchain #Web3 #Metaverse