Ethereum

Factor

TRON

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/tron-blockchain-emerges-as-a-hotspot-for-crypto-scams/" data-wpel-link="internal">TRON Blockchain Emerges as a Hotspot for Crypto Scams</a><br></p>
<p style="text-align: justify">Recent trends in illegal crypto activities highlight the prominence of the <strong>TRON</strong> <a href="https://en.coin-turk.com/blockchain-game-innovator-immutable-set-to-integrate-transak-for-direct-payment-processing/" data-wpel-link="internal">Blockchain</a>. According to the latest data from TRM Labs, the volume of illegal crypto decreased by a third in 2023, falling to $34.8 billion. Despite this decline, TRON Blockchain still managed to host 45% of crypto scams, showcasing a notable performance.</p> 
<h2 style="text-align: justify" id="trends-in-crypto-focused-illegal-transactions">Trends in Crypto-Focused Illegal Transactions</h2> 
<p style="text-align: justify">A new report prepared by TRM’s <strong>Blockchain</strong> intelligence team sheds light on the main trends in crypto-focused illegal transactions. Criminals captured over $34 billion in cryptocurrency in the 2022-2023 period, despite a 9% drop in illegal crypto funds annually. These figures indicate that crypto fraud remains a serious threat.</p> 
<p style="text-align: justify">The report also notes that nearly half of the illegal crypto volume took place on the TRON Blockchain. Following <a href="https://coin-turk.com/vitalik-buterin-ethereum-icin-kritik-soyleme-isaret-etti-neler-bekleniyor" data-wpel-link="internal">Ethereum</a> and <a href="https://coin-turk.com/bitcoinde-sinyaller-karisti-btc-fiyatini-4-ceyrekte-ne-bekliyor" data-wpel-link="internal">Bitcoin</a>, TRON has become a preferred platform for criminals.</p> 
<p style="text-align: justify">In particular, it was noted that the <a href="https://en.coin-turk.com/tether-provides-significant-debt-financing-to-bitcoin-mining-company-northern-data-ag/" data-wpel-link="internal">Tether</a> (<a href="https://coin-turk.com/derecelendirme-kurulusu-fitch-stabilcoinler-konusunda-uyardi" data-wpel-link="internal">USDT</a>) stablecoin saw the largest illegal volume last year. The report states that about 1.63% of the illegal activities identified by TRM were associated with <strong><a href="https://en.coin-turk.com/tether-plans-to-publish-real-time-reserve-reports-new-ceo-says/" data-wpel-link="internal">USDT</a></strong> on TRON.</p> 
<h2 style="text-align: justify" id="the-popularity-of-tron-as-a-key-factor">The Popularity of TRON as a Key Factor</h2> 
<p style="text-align: justify">According to Angela Ang, a senior policy advisor at TRM, TRON’s popularity can be linked to its low transaction fees and speed. Ang emphasizes that this situation facilitates money laundering.</p> 
<p style="text-align: justify">However, these trends are a clear warning sign for the crypto world. TRON and similar platforms could be subject to stricter regulations by regulatory bodies.</p> 
<h2 style="text-align: justify" id="the-extent-of-the-damage">The Extent of the Damage</h2> 
<p style="text-align: justify">Despite the significant damage on the TRON Blockchain, a significant decrease in crypto crimes has been observed. The illegal fund volume recorded last year at $49.5 billion has seen an impressive 30% decrease.</p> 
<p style="text-align: justify">One of the main factors in this decline was the decrease in the value of crypto assets related to sanctioned entities. This value, which was $25.4 billion in 2022, dropped by 30% to $16.2 billion in 2023.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-334851 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/trm-labs-coin-turk-com-.png" alt="" width="768" height="532"></p> 
<p style="text-align: justify">Moreover, crypto attacks and exploitations also decreased dramatically. While a loss of $3.7 billion was experienced in 2022, this figure fell by 50% to $1.8 billion in 2023. On average, the amount at risk in each hack event also significantly decreased. In 2023, this amount was $10 million, while in 2022 it had risen to $21 million.</p> 
<p style="text-align: justify">The report indicates that the decrease was due to increased vigilance by businesses, public awareness of fraud, and entirely chance factors. The reduction in crypto crimes is a promising development for the industry to build on more reliable and solid foundations.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/tron-blockchain-emerges-as-a-hotspot-for-crypto-scams/" data-wpel-link="internal">TRON Blockchain Emerges as a Hotspot for Crypto Scams</a></h5>

TRON Blockchain Emerges as a Hotspot for Crypto Scams

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