I found this article from Caixin quite interesting.

In the cryptocurrency world, corruption can be 100 times worse; the most profitable exchanges and mining manufacturers are the gathering places.

In traditional internet, people are hired to conduct audits. However, the anonymity of cryptocurrency transactions makes traditional auditing methods extremely difficult. Many remote jobs, consulting contracts, and offshore entities cannot be pursued at all; at most, they can just be fired and that's it.

https://china.caixin.com/2025-05-17/102320629.html