#TRMLABS News

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TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report

cryptonews.com TRM Labs data revealed that 2023 saw illicit crypto volumes drop by a third from $49.5 billion in 2022 to $34.8 billion. However, of all crypto frauds in 2023, TRON…

Crypto Losses in Q1 2024 Present a 23% Decrease, Signal Positive Growth

coingape.com Crypto losses have gone down significantly in the first quarter of 2024, according to a research published by Immunefi. This comes after hacks and losses decreased…

US, UK Crack Down on Gaza Now for Hamas Crypto Funding

coingape.com The United States and the United Kingdom have imposed sanctions on Gaza Now, an online media outlet accused of helping with financing Hamas, especially in the wake of the…

U.S., U.K. Issue Joint Sanctions of ‘Hamas-Aligned’ Gaza Now

coindesk.com None Gaza Now and its founder have been sanctioned for facilitating financial donations for Hamas in the wake of the October 7 attack in Israel • None Elliptic found that…

Tether’s Dark Crown: Most Used Stablecoin In Illicit Crypto Transactions? Reports TRM

bitcoinist.com the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds…

The Munchables Hack Is Way Worse Than It Seems

coindesk.com On Tuesday, March 26, Ethereum-based NFT-based “GameFi” project Munchables reported a hack that drained over 17,400 ETH (roughly $63 million) from its coffers. Within five…

Tether Emerges as The Most Used Stablecoin for Criminal Activity: Report

coingape.com Tether has emerged as the leader in the pack of stablecoins to be the most used for illicit activities. According to a recent Bloomberg report, Tether was the most used…

Tether and Tron continue to dominate criminal financing as overall illicit funding decreases, report finds

aol.com Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation. Yesterday felt like a nostalgic return to…

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

coindesk.com None A new TRM Labs report has found that illicit funds in the crypto ecosystem shrunk by 9% from 2022 to 2023. • None Yet criminality through crypto has risen in some…

ParaSwap Resolves Vulnerability in Newly-Launched Smart Contract, Returns Crypto Assets to Users

cryptonews.com Decentralized finance aggregator ParaSwap has addressed a critical vulnerability in its recently launched Augustus v6 smart contract and has commenced the process of…

SBF’s Prison Sentencing Is Coming Up. How Many Years Will He Get?

unchainedcrypto.com On Thursday, March 28, Judge Lewis Kaplan of the Southern District of New York will sentence former FTX CEO Samuel Bankman-Fried for seven counts of various stripes of money…

‘Cryptojacking’ surges 659% with Bitcoin’s price climbing

dlnews.com Crypto prices are surging, and cybercriminals are making the most of it. Some of the hackers are carrying out their attacks in a new way called “cryptojacking.” That’s when…

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