In recent years, the cryptocurrency industry has been plagued by numerous hacks and thefts. However, a recent report from TRM Labs, a blockchain security firm, suggests that the number of hacks and thefts is decreasing, and that hackers are increasingly returning stolen funds.

The report found that the number of crypto hacks and thefts decreased by nearly 50% in 2020 compared to 2019. This decrease was largely attributed to the fact that hackers are now returning stolen funds to victims. The report found that in 2020, hackers returned over $100 million in stolen funds, which is a significant increase from the $25 million returned in 2019.

The report also found that the majority of stolen funds were returned to victims within a few days of the hack. This suggests that hackers are becoming more aware of the consequences of their actions and are taking steps to avoid legal repercussions.

The report also highlighted the fact that the majority of hacks and thefts were perpetrated by organized crime groups. These groups are often well-funded and have access to sophisticated hacking tools. As such, they are able to target vulnerable systems and steal large amounts of cryptocurrency.

The report concluded that while the number of hacks and thefts is decreasing, the cryptocurrency industry still faces significant security challenges. It is important for users to take steps to protect their funds, such as using strong passwords and two-factor authentication. Additionally, users should be aware of phishing scams and other malicious activities.

Overall, the TRM Labs report provides valuable insight into the state of the cryptocurrency industry. It suggests that hackers are increasingly returning stolen funds, which is a positive sign for the industry. However, it is important for users to remain vigilant and take steps to protect their funds.