• 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• Existing laws are outdated and side with smart contract exploiters.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 post On-Chain Sleuth ZachXBT Declares Crypto Is in a “Crime Supercycle” appeared first on Coin Edition.

• 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• Existing laws are outdated and side with smart contract exploiters.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 post On-Chain Sleuth ZachXBT Declares Crypto Is in a “Crime Supercycle” appeared first on Coin Edition.