#TRON Cracks Down on Illegal Trading#
Hot Topic Overview
Overview
In 2024, global cryptocurrency on-chain illicit transactions declined by 24%, reaching $45 billion, representing 0.4% of overall crypto transactions. Notably, Tron (TRON) saw the most significant reduction in illicit transactions, decreasing by approximately $6 billion, with its proportion of illicit activities nearly halved. This achievement was attributed to TRON's collaboration with Tether and TRM Labs to establish the T3 Financial Crime Unit. Launched in August 2024, this unit has successfully frozen over $130 million in suspected criminal assets and worked closely with global law enforcement agencies to combat money laundering, investment fraud, and other illicit activities. Nonetheless, TRON remains a leading blockchain for illicit activities, accounting for 58% of total illicit transactions, mainly due to its low transaction fees and the popularity of its stablecoin, attracting criminal elements. Overall, the combined efforts of law enforcement agencies and industry partnerships have effectively curbed illicit activities. However, continued cooperation is crucial to ensure the safety and compliant development of the blockchain ecosystem.
Ace Hot Topic Analysis
Analysis
TRON has made significant progress in combating illicit transactions, with its on-chain illicit transaction volume in 2024 declining significantly, leading the industry in reduction. According to a report by blockchain intelligence firm TRM Labs, global cryptocurrency transaction volume surpassed $10.6 trillion in 2024, while illicit transactions decreased by 24% year-over-year to $45 billion, representing 0.4% of the total, down 51% from 2023. The TRON network saw the largest reduction in illicit transaction volume, decreasing by approximately $6 billion, with illicit activity nearly halved. This achievement is attributed to TRON's ongoing efforts in combating crypto crime, particularly through the T3 Financial Crime Unit (T3 FCU), jointly established with Tether and TRM Labs. Since its launch in August 2024, T3 FCU has successfully frozen over $130 million in suspected criminal assets and worked closely with global law enforcement agencies to analyze and track money flows involved in illegal activities such as money laundering and investment fraud. Despite these efforts, TRON remains a prominent blockchain for illicit activities, accounting for 58% of total illicit transactions, attracting criminals with its low transaction fees and popular stablecoins. The report also reveals that sanctions violations constitute one-third of illicit transactions, while scams and fraud account for a quarter, with fraud-related inflows declining by 40% from last year. Meanwhile, ransomware attacks and terrorist financing have increased, especially those carried out by North Korean and Russian hackers.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
TRON has made significant progress in combating cryptocurrency crime, with a significant drop in illicit transaction volume, leading the industry.
TRON's T3 Financial Crime Unit, established in partnership with Tether and TRM Labs, has played a significant role in combating illicit activities, successfully freezing over $130 million in suspected criminal assets.
Despite the significant drop in illegal transactions on TRON, it remains a major blockchain for illicit activities, accounting for 58% of total illicit transactions, which is related to TRON's low transaction fees and popular stablecoins attracting criminals.
Public-private partnerships have enormous potential in combating blockchain crime, and TRON will continue to cooperate with global law enforcement agencies to promote the transparent, secure and compliant development of the blockchain ecosystem.