Crypto hacks falling in Q1 is but a ‘temporary reprieve’ — Blockchain firm

The crypto neighborhood is being urged not to let their guard down in spite of a significant decline in crypto hacks throughout the first quarter of 2023– with one company warning it is most likely a “momentary reprieve, rather than a long-term pattern. According to a May 21 report by TRM Labs, the quantity stolen through crypto hacks in Q1 2023 “was less than any other quarter in 2022. Crypto hacks fell significantly in Q3 2022, right prior to “a record-setting number of hacks” in Q4, which “turned 2022 into a record year,” noted TRM Labs.