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TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023
30.3.2024
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 linked to illicit activity last year, with $19.3...
TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report
29.3.2024
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 blockchain hosted 45%, up from 41% in 2022.
The post TRON Blockchain Accounted for 45% of Illicit Crypto Volume in 2023: TRM Report...
Illicit Funds in Crypto Ecosystem Shrank 9% Last Year, Yet Criminals Still Handled Nearly $35B: TRM Labs
27.3.2024
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 firm TRM Labs has found
North Korea-Affiliated Hackers Stole $600 Million in 2023 — Ten Times More Damaging Than Anyone Else
10.1.2024
North Korea-affiliated hackers stole digital assets worth $600 million in the past year. According to a TRM Labs report, this figure will likely rise to $700 million if additional attacks which occurred at the tail end of the year are traced to the same hackers. North Korea and its affiliates...
Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs
8.1.2024
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 Stole Over $600 Million in Crypto in 2023: Report
5.1.2024
North Korea was responsible for greater than $600 million worth of crypto being stolen in 2023, blockchain intelligence company TRM labs announced Friday. State-sponsored attacks supporting weapons of mass destruction According to TRM Labs’ latest report, the analytics data firm suggests that...
North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
5.1.2024
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
29.12.2023
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, while De.fi, another Web3 security firm, states that...
99% of Law Enforcement Needs More Crypto-related Training, New Report Reveals
20.12.2023
A new survey conducted by blockchain intelligence company TRM Labs has revealed that 99% of law enforcement needs more training on crypto. “Extremely” complex cases The survey collected responses from 300 law enforcement professionals around the globe, 93% of which were from US law enforcement...
TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia
28.11.2023
Source: AdobeStock / Bits and Splits TRM Labs has announced a partnership with Australian digital asset exchange Swyftx to reward virtual asset users who take steps to protect their accounts against fraudulent actors in the country. In a recent press release, the blockchain analytics firm announced...
TRM Labs Partners With Aussie Crypto Exchange Swyftx to Combat Scams
28.11.2023
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
13.9.2023
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 over the internet and that we were still in...
North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs
18.8.2023
A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this year alone.
According to TRM Labs insights, the stolen amount accounts for...
North Korean hackers have stolen $2B of crypto since 2018: Report
18.8.2023
TRM Labs estimates that North Korean hackers have stolen $200 million of cryptocurrency in 2023 alone
Controversy as MakerDAO's Spark Protocol blocks users with VPNs
7.8.2023
Users attempting to access Spark Protocol with a virtual private network will not be able to, sparking criticism from supporters of privacy
TRM Labs: ISIS Allies Utilized Crypto to Raise Millions for Terrorism
24.7.2023
Middle Eastern terrorist groups associated with ISIS are increasingly turning to cryptocurrency to conduct their operations, according to a new report from TRM Labs.
On Friday, the blockchain analytics and compliance firm wrote that it has found “mounting on-chain evidence” of the organization’s...
Evidence of crypto usage by ISIS is 'mounting': TRM Labs
23.7.2023
Blockchain intelligence platform TRM Labs revealed that Tether (USDT) on the Tron network was being used for most of the transactions
ISIS Allies Used Crypto to Raise Millions: TRM Labs
21.7.2023
Affiliates of the most notorious terrorist organization use centralized exchanges, the blockchain intel firm said
TRM Labs Report: Bitcoin's Dominance in Crypto Crimes Down to 19%
29.6.2023
Bitcoin (BTC) is falling out of favour among crypto criminals, and accounted for just 19% of crypto crimes in 2022, a new report has found.
In the report, blockchain intelligence firm TRM Labs said that cybercriminals are increasingly diversifying which blockchains they rely on to conduct their...
Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs
28.6.2023
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