TRM Labs Says, Crypto hacks decrease, hackers often return stolen funds

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Hackers return the stolen money in exchange for a “white hat” reward. In 2023 victims received almost 50% of recovered funds, said by TRM Labs. Hackers gain $1.6M from exploiting TenderFi and return half the $850,000 bounty. The hacker behind the Euler lending protocol exploited and agreed to return all $200M worth of crypto. 

The crypto theft of $10.5M ETH stolen due to the regulators act, the hacker returned $800k with 850k reward. TRM Labs reported, possible reasons for decreased crypto hacks include increased regulatory attention to the crypto hacks and high profile enforcements.