One method appears to be playing back on a legitimate player, then using HDCP strippers on hdmi/displayport outputs[1]. I've seen some 4k releases that clearly show the streaming site's playback controls, for instance.
Is that considered decryption? Wouldn't that both decrypt and decompress? What if someone wants the original compressed stream so the video doesn't need to be re-compressed?
That can't be done without hardware hacks, which can (often) be traced to isolated hardware which the manufacturers will then lock out or force a software upgrade for, making it impossible to use in the future. That's why most 4k pirate releases are re-encoded from HDMI, not lossless rips of the original stream as they are for 720p and 1080p.
There have been a bunch of papers recently about using undervolting to break secure enclaves. No idea about how applicable that is, but that might be a possible attack vector.