Crypto Chaos: The Hilarious Rise of Crime in the Blockchain Jungle! 😂💰

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In a world where digital coins dance like marionettes on strings pulled by unseen hands, blockchain investigator ZachXBT has sounded the alarm on a burgeoning “crime supercycle” within the crypto realm.

He attributes this alarming escalation to a delightful cocktail of meme coin launches by politicians and the curious dismissal of several court cases, both of which have conspired to enable and amplify the criminal antics in this digital circus.

ZachXBT’s Witty Warning on Crypto Crime

In his latest post on X (formerly known as Twitter, because who needs consistency?), ZachXBT emphasized that the crypto industry has always been a playground for misuse and exploitation. Yet, it seems the situation has taken a turn for the worse, like a bad sequel to a movie no one wanted.

“The crime supercycle is indeed very real. It has noticeably increased since politicians launched meme coins and numerous court cases were dropped, further enabling the behavior,” the post read, dripping with sarcasm.

The investigator pointed out that many cryptocurrency protocols continue to rake in fees, even as over 50% of their transaction volume involves stolen funds. Influencers and key opinion leaders (KOLs) promoting fraudulent projects seem to be living in a world without consequences, fostering a delightful culture of impunity.

Moreover, he added that the courts sometimes side with those who exploit smart contracts, thanks to outdated laws that are as useful as a chocolate teapot in a heatwave.

“Government agencies could probably have made $50-100 million issuing fines to all of the influencers/projects who never disclosed paid ads over the years (which is illegal in many jurisdictions but just never prosecuted). If they had spent time regulating it instead of going after open-source developers or blue-chip decentralized protocols, we might have seen some actual accountability,” ZachXBT quipped.

Meanwhile, he explained that the sector both enables and exposes crime. ZachXBT pointed out that the complete transparency of blockchains makes illicit activities easier to track and trace—like trying to hide a giraffe in a phone booth.

However, the vast sums of money flowing through the crypto space also attract negligent teams, some of whom may inadvertently allow bad actors, like North Korean hackers, to exploit these golden opportunities.

“Laundering groups and small OTC brokers have seemingly won the battle for Lazarus Group after successfully laundering recent hacks (Bybit, DMM Bitcoin, WazirX, etc.) with ease,” he remarked, as if it were a casual Sunday stroll.

ZachXBT estimates that the “Black U” market on the Tron blockchain is worth between $5 billion and $10 billion. He added that most activities remain as untraceable as a magician’s best tricks.

The sleuth expressed skepticism about reforming the system, questioning whether action would be taken only after widespread financial losses. He also warned of long-term ramifications if short-term gains continue to overshadow ethical considerations, like a bad joke that just keeps getting worse.

“If you ever wanted the opportunity to extract from the industry, there’s not been much of a better time. Take a chance—what’s the worst thing that could happen if everyone’s already doing it?” he stated, with a wink and a nudge.

His warning comes amid a surge in scams and hacks affecting the industry. According to PeckShield, approximately 20 significant crypto hacks were reported in May 2025, causing total losses of $244.1 million—a 39.29% decrease from the previous month, April. Progress, right?

Additionally, Certik reported that so far in 2025, hackers have stolen over $2.1 billion through cryptocurrency-related attacks. Talk about a lucrative career choice!

“The majority of losses have come from wallet compromises and phishing, with an increase in data leaks. It’s important to remain vigilant,” the post read, as if we needed another reminder to keep our eyes peeled.

BeInCrypto also reported two major hacks at the beginning of June, which caused total losses of $15 million. These figures underscore the urgency of ZachXBT’s call for vigilance, as the crypto world continues to spin wildly out of control.

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2025-06-18 14:46