---
title: "Tron Takes Over Bitcoin as Favorite Network for Illicit Activity"
url: https://diffcoin.com/tron-takes-over-bitcoin-as-favorite-network-for-illicit-activity/
description: "Gain insights into the evolving global crypto landscape as Tron takes precedence over Bitcoin as the preferred choice for illicit financing."
published: 2023-11-27
updated: 2023-11-27
author: "Mila"
site: "Diffcoin"
---

# Tron Takes Over Bitcoin as Favorite Network for Illicit Activity

#### Share this article

Tron has become the preferred platform for crypto transfers linked to groups designated as terrorist organizations by Israel, the US, and others, according to a new report from Reuters. Israel’s counter-terror financing bureau (CTFB) froze 143 Tron wallets between mid 2021 and October 2023 believed to be connected to Hamas, Hezbollah, or other militant groups.

This represents a sharp rise compared to Bitcoin wallet seizures, marking a shift in how these organizations move money.

> “Earlier it was Bitcoin, and now our data shows that these terrorist organizations tend to increasingly favor Tron,” said Mriganka Pattnaik, CEO of Merkle Science, a blockchain analytics firm.

Almost two-thirds of the Tron wallet seizures were this year, including accounts Israel said belonged to Hezbollah and Palestinian Islamic Jihad. Israel called out Tron’s faster transaction speeds, lower fees, and stability as reasons why terrorist networks now favor it over Bitcoin.

Reuters connected the dots between the cheaper, quicker Tron network and increased usage of Tether, the world’s largest stablecoin, USDT transactions now dominate activity on the Tron blockchain. Over 50% of Tether’s tokens are stored and transacted on the Tron network, according to Defillama.

Source: Defi Lama

The report cites growing pressure on Bitcoin’s perceived anonymity, driving terrorist organizations to alternatives like Tron. Shlomit Wagman, a senior fellow at Harvard University, stated that Tron is a past “blindspot” that is now clearly on the radar of law enforcement worldwide.

Last month, Binance co-founder Yi He reported the freeze on accounts linked to Hamas militants, highlighting the specific targeting of Hamas and emphasizing the necessity for financial entities, including Binance, to cooperate with freeze requests for designated terrorist organizations.

#### Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

[Source link](https://cryptobriefing.com/tron-displaces-bitcoin-in-illicit-financing-funding/?utm_source=feed&utm_medium=rss)