FOMO, loose regulations are driving cryptocurrency crime

According to cybersecurity experts, slow regulations, the fear of missing out (FOMO), and increasing acceptance are leading to a "super cycle" of cryptocurrency crime.

Cryptocurrency crime losses in the first half of 2025 have reached a new record high, surpassing the total losses for the entire year of 2024. Bill Callahan, a former DEA agent, stated that the lack of regulation and the rapid development of cryptocurrency assets have created opportunities for criminals. Cryptocurrency scams attract bad actors due to anonymity and ease of setup. Natalie Newson from CertiK mentioned that influencers are still releasing tokens with questionable intentions. Although law enforcement agencies are making efforts, Huang warns that losses from cryptocurrency crime will never be zero due to the presence of decentralized markets.