Blockchain Security Experts Provide Insights on Cryptocurrency Crime Trends
Warning from prominent experts
On June 20, blockchain security analysts ZachXBT and Taylor Monahan warned about the increase in criminal activities in the cryptocurrency field. These experts pointed out that US politicians promoting meme Coin and the withdrawal of regulatory agencies from some legal proceedings related to crypto have created conditions for illegal activities to develop. Data has clearly shown damages exceeding 2 billion USD in the first quarter of 2025, mainly due to hacker attacks, phishing fraud, and scams escaping from the system.
Analysis of vulnerabilities and opportunities in the field
ZachXBT reflected that regulatory guidelines are losing focus, overlooking the control of paid advertising promotion activities that lack transparency. Meanwhile, Monahan emphasized that the current level of damage is extremely low compared to the enormous profits from illegal activities. This causes hackers and fraudsters to continue flooding into the cryptocurrency market, causing legal and security turmoil.
Warning about the potential continuation of the "super-large crime cycle"
Experts warned that without effective regulatory measures, the crime cycle in the crypto industry could continue to escalate. The global market faces not only financial decline risks but is also threatened by security and reputation risks. Investors need to be highly vigilant and demand transparent, strict policies to combat illegal activities and protect their assets more safely.
