Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Financial scams and illicit activities involving cryptocurrencies have been under scrutiny by regulatory bodies and experts. Investigations are ongoing into the funneling of $20 billion USDT through a sanctioned Russian exchange, potentially violating sanctions against Russia. Reports indicate a significant presence of crypto in illicit activities, including IP infringement. Concerns about crypto-related scams and the need for consumer protection have been raised by authorities and experts.
#TRM Labs Report: #Tether #USDT Was the Go-to Stablecoin for Illicit Activities in 2023 https://t.co/uh7dZV2oec
🔥TRM has confirmed Tron's dominance in criminal crypto-economics. In 2023, Tron blockchain accounted for 45% of all illegal cryptocurrency transactions. Primarily, this involved the USDT stablecoin from Tether, as noted by TRM Labs experts. 😡 In terms of blockchains, in 2023,… https://t.co/LEVFJaVd3v
Cyber criminals are exploiting cryptocurrency to scam Americans out of billions every year. In 2023, the FBI reported $12.5 billion in losses from online scams—fueled by phony crypto schemes. We need more rules to protect consumers from crypto risks. https://t.co/nN9KZmbFns
