November 2025 just became one of the bloodiest months for crypto security this year.

Roughly 15 major exploits ripped through the ecosystem, draining a staggering $194.27 million in total — that's a 969% spike compared to October's $18.18 million. The damage? Absolutely brutal.

Here's how the carnage broke down:

Balancer v2 and its forks got hammered the hardest, losing $137.4 million (though $39 million was clawed back). Upbit wasn't far behind, bleeding $36 million in a single breach.

The rest of the top incidents rounded out a nightmare lineup that exposed critical vulnerabilities across multiple protocols. Security researchers are scrambling, and the industry's on high alert.

This isn't just another bad month — it's a wake-up call. If these trends continue, we're staring at a systemic crisis.