Lax Oversight and Memecoins Trigger ‘Crime Supercycle’ in Crypto
Blockchain experts warn that crypto scams are surging, creating a “crime supercycle.” This is fueled by memecoins that are promoted by politicians like Donald Trump, weak rules, and U.S. regulators dropping court cases.
ZachXBT, a crypto investigator, said in an X post that “crime supercycle is indeed very real” as politicians are pushing the memecoins, and influencers are also tricking their followers without punishment. He stated that this is all leading to more scams, like fake websites and projects that steal money.
ZachXBT said the lack of proper rules lets scammers thrive, as regulators focus on innocent developers instead of stopping shady promotions. A report from Hacken says crypto hacks cost $2 billion in early 2025,…
