Illegal Crypto Activities: Scams, Bans, and State-Sponsored Hacks

When you hear illegal crypto activities, actions involving cryptocurrency that break laws or exploit regulatory gaps, often through fraud, theft, or unauthorized operations. Also known as crypto crime, it includes everything from fake exchanges to government-backed hacking rings. This isn’t theoretical—it’s happening right now, and the people behind it aren’t hiding in basements. They’re running unlicensed mines in Iran, stealing power to pump Bitcoin, or launching meme coins with zero code just to vanish with your money.

Crypto scams, fraudulent platforms designed to trick users into depositing funds that are never returned. Also known as rug pulls, they’re everywhere. Platforms like EtherMuim and Armoney don’t exist—they’re fake websites built to look real. Rokes Commons Exchange? No records, no reviews, no legitimacy. Bitsdaq shut down in 2025, and its BQQQ token became worthless overnight. These aren’t glitches. They’re designed failures. The same goes for meme coins like CRYPTO AGENT TRUMP (CAT) and Starlink (STARL). No team. No product. Just a name and a promise. You’re not investing—you’re gambling on a ghost.

Then there’s the state side. State-sponsored hacking, government-backed cyber operations targeting crypto exchanges and wallets to steal funds and evade sanctions. Also known as crypto theft by nation-states, it’s a growing threat. North Korea’s Lazarus Group hit ByBit for hundreds of millions. Iran’s IRGC runs illegal mining farms, siphoning off cheap electricity to fund the regime. These aren’t lone hackers. They’re military-grade operations with budgets, logistics, and political backing. Meanwhile, countries like Tunisia and Indonesia ban crypto use entirely—not because it’s dangerous, but because they can’t control it. Yet they still allow trading under strict oversight. That’s not a policy. It’s a compromise.

What ties all these together? A lack of accountability. Fake exchanges don’t get shut down because regulators don’t track them. Meme coins rise because no one checks if the code is real. State actors thrive because global crypto rules are patchy and slow. This isn’t about technology failing. It’s about humans exploiting gaps in trust, law, and oversight.

You won’t find a single guide that says, "Here’s how to spot a crypto scam." But you’ll find dozens of real cases here. The shutdowns. The bans. The hacked exchanges. The coins that vanished. Each post is a snapshot of what illegal crypto activities look like when they’re exposed—not theorized, not imagined, but documented. You’ll see why some platforms die, why some countries ban crypto, and why some tokens are nothing but digital ghosts. No fluff. No hype. Just what happened, who was behind it, and how to avoid the same fate.