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.
Venture capitalist and Mission Gate founder George Bachiashvili is now facing imprisonment in Georgia after a court revoked his bail.
Hackers have exploited a vulnerability in DeFi aggregator 1inch’s resolver smart contract, leading to losses of over $5 million, according to blockchain security firm SlowMist.
Tether has taken a significant step by freezing $27 million worth of USDt on the Russian crypto exchange Garantex, which has led to the platform halting its operations.
Hackers who breached Bybit stole $1.4 billion, but CEO Ben Zhou confirmed that $1.07 billion of the stolen funds remains traceable.