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ZachXBT Exposes Crypto Crime Supercycle as 2025 Hacks and Scams Rise
In a recent post on X, renowned blockchain analyst ZachXBT has sounded the alarm on an alarming trend in the crypto space. According to his warning, a growing “crime supercycle” is underway, fueled by a combination of factors including meme coin scams, influencer scams, and court dismissals that enable bad actors to operate without facing consequences.
The catalyst for this surge in criminal activity, ZachXBT suggests, was the recent launch of meme coins and the dismissal of key crypto-related cases. He points out that politicians’ promotion of these coins has led to a rise in illegal activities, including hacks and scams.
The analyst highlights that many protocols continue to collect fees despite over 50% of their transactions involving stolen funds. This lack of enforcement and legal action allows unchecked criminal activity to become the norm, paving the way for more significant losses.
Influencer Scams: A Major Driver of Current Abuse
ZachXBT emphasizes that influencer scams are a major driver behind the current abuse in the crypto space. He notes that key opinion leaders often promote projects without disclosing that they were paid, which is illegal in several jurisdictions but has yet to be prosecuted. The analyst argues that instead of targeting open-source developers and decentralized platforms, enforcement agencies have focused on these groups, allowing fraudulent activities to spread unchecked.
Court Dismissals: A Free Pass for Criminals
ZachXBT also highlights the role of court dismissals in perpetuating this crisis. He notes that existing laws do not apply well to blockchain systems, resulting in a lack of consequences for those involved in criminal activity. This lack of accountability enables scammers and hackers to operate with impunity.
Blockchain Transparency: A Double-Edged Sword
ZachXBT emphasizes the importance of blockchain transparency in tracing crime. However, he also notes that bad actors continue to exploit the system, using small OTC brokers to move stolen assets with ease.
A Look at Recent Hacks and Scams
ZachXBT’s warning comes as a series of high-profile hacks have shaken the crypto community. Data from PeckShield reveals that in May 2025, hackers launched 20 major attacks, resulting in losses totaling $244.1 million – a significant drop compared to April but still alarming.
In addition to these major hacks, ZachXBT’s warning is corroborated by data from CertiK, which suggests that over $2.1 billion has been lost to crypto crimes so far this year. The majority of these losses stemmed from wallet compromises, phishing schemes, and data leaks.
Conclusion
ZachXBT’s warning serves as a stark reminder that the crypto space is facing unprecedented challenges. As the industry continues to grow at an unprecedented rate, it is crucial that regulators take immediate action to address the rising crime rates and safeguard user assets.
A significant portion of these losses has come from wallet compromises and phishing schemes, with data leaks also on the rise.
Source: coinchapter.com
