Tron Overtakes BTC in Transactions Linked to Terrorist Funding

• Tron has emerged as the preferred network for terrorist funding activity, according to a Reuters report.
• Between July 2021 and October 2023, the National Bureau for Counter Terror Financing froze 143 wallets.
• TRX was down 2.34% at press time and was changing hands at $0.1061.

The Tron Network (TRON) has emerged as the go-to network for Iran-backed militant groups, including  Hamas, according to a Reuters report. Tron has overtaken Bitcoin (BTC) as a platform for transfers associated with groups designated as terror organizations by Israel, the U.S., and other countries, according to Reuters interviews with seven financial crimes experts and blockchain investigations specialists.

“Earlier it was Bitcoin and now our data shows that these terrorist organizations tend to increasingly favor Tron,” said Mriganka Pattnaik, the CEO of New York-based blockchain analysis firm Merkle Science. Pattnaik listed Tron’s superior transaction times, low fees, and stability as potential reasons it is favored over other blockchain networks.

Furthermore, Reuters analysis found that Israel’s National Bureau for Counter Terror Financing (NBCTF) froze 143 Tron wallets betwee…

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