#TRON Strikes Down Illegal Trading#
Hot Topic Overview
Overview
In 2024, global cryptocurrency on-chain illicit transaction volume decreased by 24% to $45 billion, representing 0.4% of overall crypto transactions. Among them, Tron (TRX) saw the largest decrease in illicit transaction volume, dropping by approximately $6 billion, almost halving its proportion of illicit activity. This achievement was attributed to the efforts of the T3 Financial Crime Unit (T3 FCU), established through a collaboration between Tron, Tether, and TRM Labs. Since its inception, the T3 FCU has successfully frozen over $130 million in suspected criminal assets. Nonetheless, Tron remains the leading blockchain for illicit activity, accounting for 58% of total illicit transactions, primarily due to its low transaction fees and the popularity of its stablecoin, which attract criminals.
Ace Hot Topic Analysis
Analysis
In 2024, global cryptocurrency on-chain illicit transactions declined by 24% to $45 billion, representing 0.4% of total cryptocurrency transactions. Among them, Tron saw the largest decline in illicit transaction volume, decreasing by approximately $6 billion, with the proportion of illegal activities almost halved. This achievement is attributed to the T3 Financial Crime Unit (T3 FCU), a joint initiative launched by 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. Despite the significant decline in Tron's illicit transaction volume, it remains the leading blockchain for illegal activities, accounting for 58% of total illicit transactions, mainly due to its low transaction fees and popular stablecoins attracting criminals. The report also shows that sanction violations accounted for one-third of illicit transactions, while scams and fraud accounted for one-quarter, with the inflow of funds related to fraud decreasing by 40% compared to last year. Meanwhile, ransomware attacks and terrorist financing have increased, particularly attacks carried out by North Korean and Russian hackers.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
TRON has made significant strides in combating cryptocurrency crime, leading the industry in the reduction of illicit transaction volume.
The T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, Tether, and TRM Labs, has played a key role in fighting crypto crime.
Public-private partnerships hold immense potential in combating blockchain crime.
Despite the decline in illicit transaction volume, TRON remains a major blockchain for illegal activity, linked to its low transaction fees and popular stablecoins that attract criminals.