#TRON's crackdown on illegal trading yields significant results.#
Hot Topic Overview
Overview
TRON has made significant progress in combating illicit transactions, with on-chain illegal activity dropping by $6 billion in 2024, nearly halving its share. This success is attributed to the T3 Financial Crime Unit established in collaboration with Tether and TRM Labs. Despite this progress, TRON remains a leading blockchain for illegal activities, accounting for 58% of total illicit transactions, attracting criminals due to its low transaction fees and popular stablecoins. Overall, global cryptocurrency transactions in 2024 surpassed $10.6 trillion, with illegal activity declining by 24% year-on-year to $45 billion, representing 0.4% of the total. This indicates that the combined efforts of law enforcement agencies and the industry have effectively curbed illicit activity.
Ace Hot Topic Analysis
Analysis
TRON has made significant progress in combating illicit transactions. According to TRM Labs' 2024 Annual Report, global cryptocurrency transaction volume surpassed $10.6 trillion, while illicit transactions declined by 24% year-over-year to $45 billion, representing 0.4% of total transactions. Among them, TRON network saw the most significant reduction in illicit transactions, decreasing by approximately $6 billion, nearly halving the proportion of illicit activities. This achievement is attributed to TRON's continuous efforts in fighting crypto crime, particularly through the T3 Financial Crime Unit (T3 FCU) established jointly 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 actively collaborated with global law enforcement agencies to analyze and trace the flow of funds involved in illicit activities such as money laundering and investment fraud. Nevertheless, TRON remains a prominent blockchain for illicit activities, accounting for 58% of total illicit transactions, mainly due to its low transaction fees and popular stablecoins that attract malefactors. The report also reveals that sanctions violations account for one-third of illicit transactions, while scams and fraud represent one-quarter, with fraud-related inflows declining by 40% compared to last year. Meanwhile, ransomware attacks and terrorism financing have increased, particularly those orchestrated 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 transactions in the industry.
TRON's T3 Financial Crime Unit, established in collaboration with Tether and TRM Labs, has effectively curbed illegal activities, reducing illegal transactions by $6 billion, nearly halving the proportion.
Despite the significant decline in TRON's illegal transaction volume, it remains a major blockchain for illegal activities, accounting for 58% of total illegal transactions, attracting criminals with low transaction fees and popular stablecoins.
Public-private partnerships hold tremendous potential in combating blockchain crime. In the future, TRON will continue to collaborate with global law enforcement agencies to promote the transparent, secure, and compliant development of the blockchain ecosystem.