PANews reported on June 20 that blockchain security experts ZachXBT and Taylor Monahan pointed out that U.S. politicians promoting meme coins and regulatory agencies abandoning some cryptocurrency lawsuits have fueled crypto crime activities. Data shows that losses from hacking, phishing scams, and exit scams exceeded $2 billion in the first quarter of 2025. ZachXBT criticized the regulatory focus as misdirected and ineffective in combating undisclosed paid promotions. Monahan believes that the current cost of crime is extremely low while profits are substantial, leading to a continuous influx of hackers and scammers into the field. Experts warn that without effective regulatory measures, this 'super cycle of crime' may continue to deteriorate.