The crypto industry has reported unprecedented losses totaling $9.2 billion this year due to hacking and fraud, according to CertiK. October was particularly devastating, accounting for $6.5 billion in damages across 89 security incidents. Of this, approximately $3.03 billion was either frozen or recovered, leading to a revised loss estimate for the month of $3.47 billion. The most significant event of the year was the Binance hack, which alone resulted in losses of around $6.3 billion.