Bitcoin’s October Gets Off to a Bad Start: Down 2% on the Mo
Over the past 24 hours, security incidents and capital flows were the main themes in the crypto market. Bitcoin failed to extend its historic bull-market performance in October, a month that is usually highly anticipated, falling about 2% during the month. Meanwhile, security alarms rang frequently: losses from hacker attacks in Q3 reached $1.18 billion, with smart contract exploit cases rising significantly; Layer 1 network Qubic was attacked due to insufficient wallet seed strength, with about $1.4 million stolen from 1,404 wallets, and officials subsequently halted the chain and froze 87.1% of the stolen funds; cross-chain bridge Cysic confirmed a breach, with the attacker minting 10 million tokens and having moved about $727,000 to Ethereum; network protocol ITY also announced a security incident and suspended cross-chain bridge services, while a single wallet transferred out about $41 million in ZEC. SlowMist released a DarkSword trojan analysis report, noting that the trojan exploits public vulnerabilities in iOS 18.6–18.7.2 and 26.0–26.1, and that the attack chain has been weaponized. On the funding side, the market cap of World Liberty Financial's stablecoin USD1 shrank by more than $400 million in two weeks to about $4.02 billion; Strategy made its third Bitcoin purchase this month, bringing its cumulative October investment to $73 million. On the legal front, US prosecutors used IP tracking to identify a