A TRM Labs report reveals that Tether was the most used stablecoin for criminal activity in crypto in 2023, with $34.8 billion of illicit funds handled by criminals. TRON hosted 45% of all illicit volume in 2023. Despite a 9% decrease in illicit funds, $2-3 trillion of illicit money flows annually through the global financial system.
$2 trillion to $3 trillion of illicit money flows through the global financial system annually — and yet crypto is the problem? 🤔 https://t.co/RraMT2XAMT
Data revealed by analysts at blockchain forensics firm TRM Labs shows that TRON hosted 45% of all illicit volume in 2023 https://t.co/bZBAUYqtgP
Our Illicit Crypto Economy Report covers eight key trends we're tracking from 2023, including a drop in overall illicit volume year-on-year. Get your copy here: https://t.co/zAVIymATB5.
Tether and Tron continue to dominate criminal financing as overall illicit funding decreases, according to new TRM Labs Report. https://t.co/VHtdyWs7gn
Tether is dominating! In terrorism financing! 19.3 billion Tethers have been identified as illicit financing enabled by the Tether fraud. Congratulations Paolo! Now on top of being the largest accounting fraud in history, you’re the largest financier of terrorism! Should… https://t.co/3uVJvDIxDt
❖ Tether Is the Most Used Stablecoin in Illicit Crypto Flows, TRM Says ❖ About 1.6% of Tether volume linked to illicit activity in 2023 Tether was the most used stablecoin for criminal activity in crypto last year, a period when the overall volume of illicit transactions in…
Tether was the most used stablecoin for criminal activity in crypto last year, according to a TRM Labs report. https://t.co/mbTL9F4isA
Dive deep into technological and market reasons behind an impressive DEX aggregator’s growth in the new Cointelegraph Research report! Find it here: https://t.co/jgpiCJf8wO 👈 https://t.co/HNW7qMRjgZ
A @trmlabs report has found that illicit funds in crypto shrank 9% in 2023, but criminals still handled $34.8 billion worth of cryptocurrencies. By @amitoj. https://t.co/kbhrSLPcm5
And they say crypto is a solution looking for a problem https://t.co/z3yBWghymT