#TRON Illegal Transactions Lead in Decline#
Hot Topic Overview
Overview
In 2024, global cryptocurrency on-chain illicit transaction volume decreased by 24% to $45 billion, representing 0.4% of total crypto transactions. Tron (TRX) saw the largest decline in illicit transaction volume, with a decrease of approximately $6 billion, nearly halving its proportion of illicit activity. This achievement is attributed to the T3 Financial Crime Unit (T3 FCU) established by Tron in partnership with Tether and TRM Labs. Despite this progress, 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 sanction violations accounted for one-third of illicit transactions, while scams and fraud accounted for one-quarter, with fraud-related funds flowing in 40% less than the previous year. Meanwhile, ransomware attacks and terrorist financing have increased, particularly those conducted 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, accounting for 0.4% of overall cryptocurrency transactions. Among them, Tron (TRX) saw the biggest drop in illicit transactions, with a decrease of approximately $6 billion, almost halving the proportion of illegal activities. This was attributed to the T3 Financial Crime Unit established by TRON in partnership with Tether and TRM Labs, which, since its launch in August 2024, 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 this, TRON remains the leading blockchain for illicit activities, accounting for 58% of total illicit transactions, primarily due to its low transaction fees and popular stablecoins attracting malicious actors. The report also revealed that sanctions violations accounted for one-third of illicit transactions, while scams and fraud represented a quarter, with fraud-related inflows declining by 40% compared to the previous year. Meanwhile, ransomware attacks and terrorist financing saw an increase, especially those conducted 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, leading the industry in the decline of illicit transaction volume.
The T3 Financial Crime Unit (T3 FCU), formed by TRON in collaboration with Tether and TRM Labs, has played a significant role in combating crypto crime.
While TRON remains a major blockchain for illicit activity, its illicit transaction volume has declined significantly, nearly halving.
Public-private partnerships hold immense potential in fighting blockchain crime. In the future, TRON will continue to collaborate with global law enforcement agencies to promote transparency, security, and compliance in the blockchain ecosystem.