Justin Sun, the founder of TRON and an advisor to HTX Global, has announced that TRON DAO successfully blocked over $26 million in questionable transactions by working closely with law enforcement agencies.
Sun highlighted that TRON’s decentralized network enhances financial oversight, making it harder for illicit transactions to go unnoticed.
Contrary to claims that cryptocurrencies enable money laundering, he argued that blockchain’s open ledger system exposes suspicious activity rather than concealing it.
“This action reinforces the idea that transparency in TRON’s ecosystem limits criminal financial activity rather than facilitating it,” Sun explained.
With regulators worldwide tightening their grip on digital assets, TRON’s proactive stance underscores its commitment to security and compliance.
By cooperating with authorities, the blockchain project is positioning itself as a leader in responsible crypto governance, reflecting the industry’s broader push for legitimacy and accountability.
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A former NFT trader is facing potential prison time after admitting to hiding millions in profits from the IRS through undeclared sales of high-value digital assets.
Cybersecurity researchers are sounding the alarm after discovering a new and increasingly sophisticated attack targeting the crypto community.
Australia’s efforts to combat crypto-related fraud have intensified, with the country’s Securities and Investments Commission (ASIC) targeting 95 companies allegedly involved in deceptive schemes like pig butchering scams.