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 sector. These experts pointed out that the promotion of meme coins by U.S. politicians and the retreat of regulatory agencies from some legal actions related to crypto have facilitated the growth of unlawful behaviors. Data indicated damages exceeding $2 billion in the first quarter of 2025, primarily due to hacker attacks, phishing scams, and various fraudulent schemes escaping the system.
Analysis of vulnerabilities and opportunities in the field
ZachXBT reflects that regulatory guidance is becoming decentralized, neglecting to control paid advertising activities that lack clarity. Meanwhile, Monahan emphasizes 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, leading to legal and security chaos.
Warning about the potential continuation of the 'Super Crime Cycle'
Experts warn that without effective regulatory measures, the cycle of crime in the crypto industry could continue to escalate. The global market is not only facing risks of financial downturns but is also threatened by security and reputational risks. Investors need to remain highly vigilant and demand transparent, strict policies to combat illegal activities, ensuring their assets are more secure.
Source: https://tintucbitcoin.com/chinh-tri-my-thuc-day-meme-coin-lo-ngai-rui-ro/
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