On-Chain Sleuth ZachXBT Declares Crypto Is in a “Crime Supercycle”

The crypto industry is facing a crime supercycle aided by politicians. DeFi protocols are benefiting from the surge in crypto hacks and scams. Existing laws are outdated and side with smart contract exploiters. Blockchain investigator ZachXBT has has issued a scathing indictment of the cryptocurrency industry, declaring that the sector is currently engulfed in a “crime supercycle” fueled by rampant scams, regulatory inaction, and the alleged complicity of major blockchain networks and DeFi protocols. In a detailed social media thread, the crypto sleuth laid out a series of explosive claims, arguing that a lack of accountability has created a playground for cybercriminals, including state-sponsored actors like North Korea’s Lazarus Group. He revealed that the Tron Network caters to a $5 – $10 billion “Black U Market,” which the infamous Lazarus Group and other small OTC markets explore. The crime supercycle is indeed very real. While it’s true the industry has historically been ripe for abuse it has noticeably increased since politicians launched meme coins and numerous court cases were dropped further enabling the behavior. Laundering groups and s… The post On-Chain Sleuth ZachXBT Declares Crypto Is in a “Crime Supercycle” appeared first on Coin Edition .

Source: Coin Edition