🥸 ZachXBT: The crime supercycle is indeed a reality.
#MyTradingStyle #GENIUSActPass
➤ Memcoins from politicians and the closure of high-profile cases have blurred the boundaries of what is permissible.
➤ Lazarus Group launders millions through DMM Bitcoin, WazirX and others.
➤ The USDT black market on the Tron network is estimated to be $5b–$10b+ , and almost no one is monitoring it.
➤ >50% of activity in a number of protocols is from stolen funds, but the developers are simply collecting commissions.
➤ KOLs and influencers scam with impunity.
➤ Courts side with exploiters because laws have not kept up with technology.
"Is it even possible to fix the system if most people don't care - until they lose money themselves?"
But for black-hat activity (phishing, robberies, social engineering) now is the worst time. Too much attention and investigations.
"This industry will eat itself if no one stops the decay."