$AIXBT

Detective ZachXBT stated that the crypto industry is doomed when it comes to security — hacks and money laundering happen too easily, while exchanges and protocols react too slowly.

He pointed out that "decentralized" projects receive almost all their revenue from illicit transactions but take no responsibility. Centralized exchanges are even worse — blocking funds takes hours, while laundering takes only minutes.

He also criticized KYT for its vulnerabilities and KYC for being useless, as accounts are often bought. In his view, North Korea laundering $1.4 billion recently highlights the scale of the problem.