#TRON Cracks Down on Crime Illegal Trading Volume Drops Fastest#
Hot Topic Overview
Overview
In 2024, global cryptocurrency trading volume surpassed $10.6 trillion, but illicit trading volume declined by 24% to $45 billion, accounting for 0.4% of the total. Among them, TRON achieved significant success in combating cryptocurrency crime, with the largest reduction in illegal transaction volume, decreasing by approximately $6 billion, nearly halving the proportion of illegal activities. This achievement was attributed to the T3 Financial Crime Unit (T3 FCU) jointly established by TRON, Tether, and TRM Labs, which has successfully frozen over $130 million in suspected criminal assets since its launch in August 2024 and has closely collaborated with global law enforcement agencies to analyze and track the flow of funds involved in illegal activities such as money laundering and investment fraud. Nonetheless, TRON remains the primary blockchain for illicit activities, accounting for 58% of total illegal transactions, primarily due to its low transaction fees and popular stablecoins that attract criminals.
Ace Hot Topic Analysis
Analysis
In 2024, global cryptocurrency on-chain illicit transaction volume declined by 24% to $45 billion, representing 0.4% of overall crypto transactions. Among them, TRON saw the largest drop in illicit transactions, decreasing by approximately $6 billion, with the proportion of illegal activities nearly halved. This achievement was driven by the establishment of the T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, 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 the flow of funds involved in illegal activities such as money laundering and investment fraud. Nevertheless, TRON remains the leading blockchain for illicit activities, accounting for 58% of total illicit transactions, due to its low transaction fees and popular stablecoins that attract malicious actors. The report also revealed that sanctions violations accounted for one-third of illicit transactions, while scams and fraud accounted for one-quarter, with fraud-related inflows decreasing by 40% from the previous year. Meanwhile, ransomware attacks and terrorist financing have increased, particularly those perpetrated 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 largest decline in illegal transaction volume in the industry.
The T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, Tether, and TRM Labs, has played a key role in combating crime.
Public-private partnerships hold immense potential in combating blockchain crime.
Despite the decline in illegal transaction volume, TRON remains a major blockchain for illicit activity, which is linked to low transaction fees and the popularity of stablecoins that attract criminals.