A pair of blockchain crime investigation experts have stated that the promotion of meme coins by political figures such as Donald Trump, loose regulations, and the abandonment of cryptocurrency lawsuits by U.S. regulatory agencies have triggered a "super cycle of crime" in the cryptocurrency sector.
Blockchain investigator ZachXBT posted on the X platform on Thursday, pointing out that cryptocurrencies have always been prone to abuse, but since politicians launched meme coins and numerous lawsuits were withdrawn, this situation has "clearly increased, further condoning such behavior."
He emphasized that cryptocurrency influencers and key opinion leaders deceive their fans with "absolutely no consequences."
ZachXBT further noted, "However, in the current favorable environment, engaging in black hat, phishing, social engineering, and robbery activities has never been worse compared to gray hat activities."
According to ZachXBT, the lack of regulation, failure to crack down on projects that conceal paid advertisements, and other similar behaviors have also fueled the so-called super cycle.
He stated, "If they spent time on regulation instead of chasing open-source developers or blue-chip decentralized protocols, this situation would not be so prevalent, as there have never been real consequences."
A report shared by cybersecurity company Hacken with Cointelegraph in April stated that in the first quarter of 2025, losses from cryptocurrency hacking attacks exceeded $2 billion, with phishing scams accounting for $96 million and exit scams exceeding $300 million.
Blockchain detective Taylor Monahan also stated that as long as scammers are rewarded with huge profits, they are unlikely to change their operating methods.
Monahan pointed out, "This type of behavior has no negative social, financial, or legal repercussions or resistance. Secondly, it is too easy to do, and there is too much instant money on the table."
Monahan believes that the cryptocurrency sector is in a "difficult time" because it has retained too many hackers and scammers.
She explained, "Most people have basically gone all in during the past two cycles, for example, romance scams, North Korea, malware as a service. If cryptocurrency were to disappear tomorrow, ransomware would be the biggest loser."
Some scammers in the cryptocurrency sector are facing legal sanctions for their criminal activities. In a notice on Wednesday, U.S. Department of Justice officials announced that the Secret Service had seized over $225 million related to cryptocurrency investment scams.
In May, a man from New Zealand was arrested for allegedly participating in a global cryptocurrency scam operation that reportedly stole NZD 450 million (USD 265 million).
Related: Arizona Senate Votes to Restart Bitcoin (BTC) Reserve Bill
Original: “Politicians' Meme Coins and Withdrawn Lawsuits Fuel 'Super Cycle of Crime' in Cryptocurrency”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
