CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
crypto.news 2025-03-21 18:09:45

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 continued volatility over the next six weeks. You might also like: HK Asia expands Bitcoin holdings by 10 BTC Regulation won’t solve crypto’s crime problem Burks argues that traditional regulatory bodies like the SEC and FCA are ill-equipped to handle crypto crime. The agencies “are inefficient in retrieving crypto funds and only seek to create more bureaucracy, taking crypto away from what it was created to achieve. ,” he wrote. Instead, he believes the industry needs a decentralized, community-driven approach. We need to build a network of community-led tacticians like Zach XBT , who can tackle illicit transactions executed by mass operations to bring trust back to crypto and prevent capital from being lost forever,” Burks said. Burks contends that the issue goes beyond safeguarding individual investors — it’s a matter of national security. Relying on politicians and bureaucracy won’t solve the problem. According to Burks, what is required are crypto pragmatists ready to advocate for a level playing field. You might also like: German regulator prohibits sales of Ethena USDe

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.