TRON Achieves Significant Progress In Combating Cryptocurrency Crime

According to Odaily, blockchain intelligence firm TRM Labs has revealed part of its 2024 annual report, highlighting significant achievements by TRON in combating cryptocurrency crime. In 2024, global cryptocurrency trading volume surpassed $10.6 trillion, while illegal trading volume decreased by 24% year-on-year to $45 billion, accounting for 0.4% of the total. This marks a 51% reduction compared to 2023. TRON's network saw the largest decline in illegal transactions, with a reduction of approximately $6 billion, nearly halving the proportion of illicit activities. This success is attributed to TRON's ongoing efforts in fighting crypto crime, particularly through the T3 Financial Crime Unit (T3 FCU), established in collaboration with Tether and TRM Labs. Since its launch in August 2024, T3 FCU has successfully frozen over $130 million in assets suspected of being linked to criminal activities. The unit works closely with global law enforcement agencies to analyze and track funds involved in money laundering, investment fraud, and other illegal activities. TRON founder Justin Sun stated that the success of T3 FCU demonstrates the significant potential of public-private partnerships in combating blockchain crime. Looking ahead, TRON plans to continue collaborating with global law enforcement agencies to promote transparency, security, and compliance within the blockchain ecosystem.