Crypto is facing ‘crime season’ as sell-off could continue: pro
Crypto is in the midst of what Mintology CEO Zach Burks calls “crime season,” as hacks and illicit activity drive down investor confidence.
So far in 2025, over $2.2 billion in crypto has been stolen, including a $1.5 billion heist by North Korea’s Lazarus Group. In a note to crypto.news, Burks warned that the rise in crime is damaging markets and posing a national security risk.
“The increased perception of crime in crypto has caused the meme coin market to crash by 56% since December,” Burks said. “At the same time, Bitcoin has fallen from $106,000 to $83,000, and we could see it drop to $72,000 in the coming weeks.”
He advises investors, especially those holding meme coins, to brace for…
