# Binance Event Accounts for 97.4% of October Web3 Loss Estimate By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/46221 Published: 2026-11-02T08:02:16.000Z Updated: 2026-11-02T08:02:16.000Z Section: Technology > October saw 45 major incidents and $6.469 billion in estimated nominal losses, the highest monthly total of 2026. October 2026 saw an estimated $6.469 billion in nominal losses across 45 major Web3 security incidents, the highest monthly total of the year. The multichain hot-wallet incident involving Binance accounted for about $6.3 billion, or 97.4% of the monthly estimate. TokenPost previously covered [September's Web3 security tally](). ## Links in this article - [September's Web3 security tally](https://www.tokenpost.com/news/technology/26004)