#TRON Illegal Transactions Lead in Decline#
Hot Topic Overview
Overview
In 2024, global cryptocurrency on-chain illicit transactions declined by 24% to $45 billion, representing 0.4% of total cryptocurrency transactions. Tron (TRX) saw the largest decrease in illicit transactions, with approximately $6 billion less, nearly halving the proportion of illicit activity. This was attributed to its T3 Financial Crime Unit established in collaboration with Tether and TRM Labs. Despite this, Tron remains the leading 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 accounted for one-third of illicit transactions, while scams and fraud represented a quarter, with fraud-related inflows decreasing by 40% compared to the previous year. Meanwhile, ransomware attacks and terrorist financing have increased, particularly attacks carried out by North Korean and Russian hackers.
Ace Hot Topic Analysis
Analysis
In 2024, global cryptocurrency on-chain illicit transactions declined by 24% to $45 billion, representing 0.4% of overall crypto transactions. Among them, Tron saw the largest decrease in illicit transactions, down by approximately $6 billion, with its proportion of illegal activities nearly halved. This achievement is attributed to Tron's T3 Financial Crime Unit (T3 FCU), established in collaboration with Tether and TRM Labs. Since its launch in August 2024, the T3 FCU has successfully frozen over $130 million in suspected criminal assets and worked closely with global law enforcement agencies to analyze and track the flow of funds involved in illicit activities such as money laundering and investment fraud. Despite these efforts, Tron remains a major blockchain for illicit activities, accounting for 58% of total illicit transactions, attracting criminals with its low transaction fees and popular stablecoins. The report also revealed that sanctions violations accounted for one-third of illicit transactions, while scams and fraud made up one-quarter, with fraud-related inflows declining by 40% compared to the previous year. Meanwhile, ransomware attacks and terrorist financing increased, particularly 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 the decline in illegal transaction volume leading the industry.
The T3 Financial Crime Unit (T3 FCU), established by TRON in collaboration with Tether and TRM Labs, has played a key role in fighting crime.
Public-private partnerships have immense potential in combating blockchain crime, and TRON will continue to collaborate with global law enforcement agencies to advance the transparency, security, and compliance of the blockchain ecosystem.
Despite the decline in illegal transactions, TRON remains a major blockchain for illicit activities, attracting criminals with its low transaction fees and popular stablecoins.