Hacker stole around $400 million from crypto projects during 40 attacks in the first three months of 2023, blockchain intel firm TRM Labs said in a new report.
This is a 70% decline from the Q1 of 2022.
The average hack size also got smaller, according to TRM, from $30 million in 2022 to $10.5 million for the same period in 2023.
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Hackers also increasingly return the money they steal, settling for a “white hat” reward from the exploited projects. Hack victims got almost half of the stollen funds back in 2023, TRM Labs estimates.
For example, an attacker who
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