ZachXBT warns that the crypto industry's' criminal super cycle 'has arrived, with a surge in black and gray production activities

Chain detective ZachXBT posted that with politicians launching memes and courts withdrawing multiple cases, the cryptocurrency industry has entered a "criminal super cycle". Lazarus and other organizations easily handle stolen funds such as Bybit, DMM Bitcoin, WazirX, etc. through small OTC and money laundering groups, with an estimated black market size of $5 to $10 billion on the Tron chain. He criticized that over 50% of the funding for some agreements came from stolen assets but still charged fees without taking action, while also pointing out the lack of legal sanctions for fraudulent KOLs and users of smart contract vulnerabilities. Call on the industry to reflect on institutional loopholes and long-term risks.