Crypto frauds spike as meme coins, weak laws fuel $2.1 B criminal activity wave
Over 50% of some crypto procedure volumes include taken funds. $2.1 billion taken via crypto hacks so far in 2025. Tron blockchain ‘Black U’ market worth as much as $10 billion. The crypto industry is facing a fresh wave of criminal offense, driven by a rise in politically backed meme coins and legal loopholes that continue to…
The post Crypto rip-offs surge as meme coins, weak laws fuel $2.1 B criminal activity wave appeared initially on CoinJournal.
Crypto rip-offs spike as meme coins, weak laws sustain $2.1 B criminal offense wave Over 50% of some crypto protocol volumes involve stolen funds. Blockchain detective ZachXBT, known for tracking on-chain scams, cautioned in a recent post on X that crypto-related crimes have actually entered a ‘supercycle’, with fraudulent activities ending up being more advanced and extensive. Criminals exploit blockchain transparency and weak oversight While blockchain technology allows for full deal openness, which helps trace illegal funds, ZachXBT said that it also enables criminal offense by offering bad actors insight into network activity and vulnerabilities.
Crypto scams spike as meme coins, weak laws sustain $2.1 B criminal offense wave Over 50% of some crypto protocol volumes involve taken funds. The crypto market is dealing with a fresh wave of crime, driven by a rise in politically backed meme coins and legal loopholes that continue to protect destructive stars. Blockchain private investigator ZachXBT, understood for tracking on-chain scams, warned in a recent post on X that crypto-related criminal offenses have actually gone into a ‘supercycle’, with fraudulent activities becoming more extensive and advanced. Wrongdoers exploit blockchain openness and weak oversight While blockchain technology enables for full deal openness, which helps trace illegal funds, ZachXBT said that it also makes it possible for criminal offense by offering bad actors insight into network activity and vulnerabilities. According to blockchain security company CertiK, more than $2.1 billion has been lost to crypto attacks in 2025 so far.
