US crypto excitement akin to ‘space race’ under Trump: TRM Labs exec
“We’re seeing people up and down the Cabinet who have been supportive of digital assets, innovation, and AI,” said TRM Labs’ Ari Redbord.This post was originally published on this site
Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, […]
Tether stablecoin issuer and Tron launch financial crime unit
Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.This post was originally published on this site
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […]
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.This post was originally published on this site
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked to funds stolen from Atomic Wallet, […]
TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year, with $19.3 billion worth of USDT used in illegal transactional flows. TRM Labs […]
CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group
The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”This post was originally published on this site
Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report
Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active. Underground Russian Crypto Platforms Adapting to Disruptions Caused by Ukraine War […]
Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations
According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap […]