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Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime

[Sep 10 3:40 PM] Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to…

Tether stablecoin issuer and Tron launch financial crime unit

[Sep 10 1:41 PM] Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.

Tron, Tether and TRM Labs Start Financial Crime Fighting Force

[Sep 10 11:20 AM] The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.

Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report

[Aug 30 8:05 PM] A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is…

Crypto ATMs surge 17X in Australia amid concerns over use by bad actors

[Aug 30 2:50 AM] The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

[Aug 29 10:48 AM] Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.

Cambodian Firm Receives $150K in Crypto From North Korean Hackers

[Jul 16 5:20 AM] A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay…

TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

[Mar 29 11:41 PM] A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was…

Illicit Funds in Crypto Ecosystem Shrank 9% Last Year, Yet Criminals Still Handled Nearly $35B: TRM Labs

[Mar 27 6:00 AM] Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even though criminals still handled over $34 billion worth of cryptocurrencies, Blockchain analytics…

Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs

[Jan 8 7:00 AM] Blockchain analytics firm TRM Labs has found that crypto service providers in countries with full regulatory regimes had lower rates of illicit activity than those in less regulated jurisdictions in 2023.

North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs

[Jan 5 8:00 AM] North Korea-affiliated actors were behind a third of all crypto hacks in 2023, making off with some $600 million in funds, a new TRM Labs study said.

Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023

[Dec 29, 2023 6:30 AM] Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion…

TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams

[Nov 28, 2023 12:45 AM] Blockchain analytics firm TRM Labs has partnered with Australian cryptocurrency exchange Swyftx in an effort to combat scams in the nation.

Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network

[Sep 12, 2023 4:00 PM] David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value…

North Korean hackers have stolen $2B of crypto since 2018: Report

[Aug 18, 2023 6:00 AM] TRM Labs estimates that North Korean hackers have stolen $200 million of cryptocurrency in 2023 alone.

Evidence of crypto usage by ISIS is 'mounting': TRM Labs

[Jul 23, 2023 12:10 AM] Blockchain intelligence platform TRM Labs revealed that Tether (USDT) on the Tron network emerged as the primary choice for transactions among ISIS affiliates across Asia.

ISIS Allies Used Crypto to Raise Millions: TRM Labs

[Jul 21, 2023 9:10 AM] Affiliates of the most notorious terrorist organization use centralized exchanges, the blockchain intel firm said.

Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs

[Jun 28, 2023 6:00 AM] Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report.

Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

[Jun 28, 2023 6:00 AM] While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.

Crypto Hacks Plunge 70% in Q1 2023, Victims Recover Over Half of Stolen Funds, but Experts Warn of Temporary Relief

[May 24, 2023 4:00 PM] On May 22, 2023, a report released by the blockchain analysis firm TRM Labs delved into nearly 40 hacks and assaults on cryptocurrency projects within the first quarter, discovering a 70% decline in incidents over the previous three months. The…

Crypto Hacks Are Down and Hackers Tend to Return Stolen Money: TRM Labs Report

[May 22, 2023 3:41 PM] The sanctions against Tornado Cash, as well as last year's arrest of the Mango Markets infiltrator, motivate hackers to return their loot, researchers believe.

CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group

[Mar 13, 2023 10:52 PM] The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”

Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report

[Feb 27, 2023 1:00 AM] Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and…