Balancer Leads November’s Crypto Hacks as 15 Incidents Result in $194.27M Losses, PeckShield Reports

COINOTAG News reports that, per PeckShield monitoring, November saw about 15 major cryptocurrency hacking incidents, collectively exposing roughly $194.27 million in losses. The data highlights ongoing vulnerabilities in the cryptocurrency security landscape and underscores the imperative for stronger risk controls across exchanges, DeFi protocols, and wallet infrastructures.

Within the incident cohort, the study identifies a top tier of affected platforms, including Balancer, Upbit, Yearn, HLP (Bad Debt), and GANA Payment, signaling wide-ranging exposure across the market and the need for enhanced security protocols and timely disclosures.

As security teams monitor evolving threat vectors, market participants should emphasize rigorous audits, continuous surveillance, and robust contingency planning to mitigate liquidity and reputational risk, aligning with best practices in institutional-grade crypto risk management.