Odaily News On-chain detective ZachXBT posted on the X platform that the current crypto industry is experiencing the outbreak of a "crime super cycle", with a surge in on-chain money laundering activities, especially after politicians launched Meme coins and multiple cases were dropped.
He pointed out that in recent hacking incidents including Bybit, DMM Bitcoin, and WazirX, hacker groups such as Lazarus Group have successfully laundered stolen money through over-the-counter traders and money laundering groups. He estimated that the scale of the "Black U black market" on the Tron chain is no less than 5 billion to 10 billion US dollars, and most of it has not been attributed.
He also criticized that many protocol teams remained indifferent when more than 50% of the funds on the platform came from stolen assets, and only charged handling fees without taking any measures. In addition, fraudulent project parties and KOL scams cost nothing, and smart contract hacker cases won due to legal lags, making the moral risks of the entire industry further out of control.