Justin Solar, founding father of TRON, shared the outstanding success of its blockchain in lowering illicit crypto exercise within the newest submit on X. The report revealed by blockchain intelligence firm, TRM Labs highlights that TRON noticed the largest decline in illicit exercise, with a $6 billion drop and the proportion of such transactions practically halving.
In 2024, TRON turned a secure haven for wrongdoers because it contributed the biggest share of illicit transactions (58% of illicit quantity). That is adopted by Ethereum (24% of illicit quantity), Bitcoin (12% of illicit quantity), Binance Sensible Chain (3% of illicit quantity), and Polygon (3% of illicit quantity).
The numbers converse for themselves. Already seeing big success for T3 FCU… and that is simply the beginning. @Paoloardoino @Tether_to Trying ahead to what we obtain collectively in 2025… and studying the complete Crypto Crime Report from @trmlabs https://t.co/jS6jHCxgeq. pic.twitter.com/QPvarHg6uH
— H.E. Justin Solar 🍌 (@justinsuntron) January 16, 2025
TRON Strives To Curb Scams and Frauds
The progress may be credited to TRON’s proactive efforts in enhancing blockchain safety and compliance. In August 2024, TRON, Tether, and TRM collectively launched the T3 Monetary Crime Unit (T3 FCU) to fight unlawful transactions on the community.
Since its inception, T3 FCU has facilitated the freezing of over $130 million in illicit funds, which additionally reveals the facility of public-private collaboration in making the crypto ecosystem safer, in accordance with the report.
Justin Solar celebrated the success of T3 FCU, saying “That is simply the beginning”. As Tron continues to refine its safety measures, it strives to set a brand new business normal.
Fraud-related crypto inflows noticed a 40% decline in 2024, but they continue to be substantial at $10.7 billion. Nonetheless, TRM notes that precise rip-off and fraud figures might rise as delayed stories got here in. The drop is principally on account of a discount in Ponzi and pyramid scheme exercise, which collectively acquired $4.3 billion–a 37% in comparison with 2023.
Additionally Learn: Vietnam Cracks Down on Crypto Mining Rip-off Group Focusing on 200 Victims