Against the backdrop of politicians promoting memecoins, such as Donald Trump, and the lack of strict regulation, criminal activity in the crypto industry has significantly increased. Blockchain crime investigators claim that the dropping of cases related to cryptocurrency has exacerbated the situation.
According to a publication by researcher ZachXBT on platform X, criminals have long been using cryptocurrency for malicious purposes, but this has become significantly more noticeable lately due to memecoins and the cessation of legal proceedings.
They claim that influential figures in the crypto industry face no consequences for fraud against their followers.
Meanwhile, criminal activity in the crypto world is expected to only intensify if the regulatory situation does not change. In the first quarter of 2025, over $2 billion in cryptocurrency was stolen, of which $96 million was due to phishing attacks.
Investigator Taylor Monahan noted that motivated scammers will continue as long as they receive significant rewards from their illegal activities.
He adds that the crypto industry is going through a tough phase due to the large number of criminals operating in this environment. If the crypto space disappears, phishing will incur the greatest losses.
