ZachXBT: The penalties for cybercrime in the UK are low, and law enforcement resources are scarce

ChainCatcher news, according to Mario Nawfal, the UK has seen a surge in social media hacking incidents, with cases rising from 22,530 in 2023 to 35,434 in 2024. Hackers typically take over social media or email accounts, impersonating users and tricking their friends into providing security codes.

On this, on-chain detective ZachXBT stated that the penalties for cybercrime in the UK are relatively low, and even when scams are reported, offenders often do not face substantial punishment. Additionally, law enforcement agencies also face resource shortages when dealing with such cases.