November saw crypto markets endure significant losses totaling $127 million due to hacks and scams, with prominent platforms like Balancer Protocol and Upbit Exchange suffering the brunt of these exploits. Decentralized Finance (DeFi) protocols were particularly affected by vulnerabilities in liquidity pools, highlighting the ongoing vulnerability in this sector. The largest hit was inflicted on Balancer, causing over $113 million in losses, while the Lazarus Group was responsible for the breach at Upbit exchange. Actions included asset recovery attempts and security audits in response to these incidents, with efforts being made to mitigate market impact and restore stability. The incident underscores the need for enhanced cybersecurity measures across the crypto industry as it seeks to address evolving threats.