The Tron blockchain has emerged as the preferred choice for illicit transactions
According to analytics firm TRM Labs, the Tron blockchain is responsible for a whopping 45% of illegal cryptocurrency transactions in 2023, the South China Morning Post The blockchain, which is associated with controversial entrepreneur Justin Sun, is becoming increasingly popular with drug traffickers, but Bitcoin still maintains the lead there.
The report states that Tether, the top stablecoin, accounted for more than $19 billion of illegal transactions. Roughly 1.6% of the stablecoin's total volume was linked to criminal activities. Tether believes that the volume of illicit transactions that involved its flagship stablecoin has been exaggerated, according to a statement made by the company's spokesperson.
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