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Cryptocurrency is increasingly being used in illicit activities, with reports indicating its involvement in online scams and illegal transactions. Tron's blockchain, particularly through the USDT stablecoin from Tether, accounted for a significant portion of illegal cryptocurrency transactions in 2023, as highlighted by TRM Labs experts. Regulatory bodies like CFPB, FTC, and Senator Warren are advocating for more rules to protect consumers from crypto-related risks.
#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
