TRM Labs Says, Crypto hacks decrease, hackers often return stolen funds
The post TRM Labs Says, Crypto hacks decrease, hackers often return stolen funds appeared first on Coinpedia Fintech News
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.
