TRM labs – DIGIT INFO

US crypto excitement akin to ‘space race’ under Trump: TRM Labs exec

DIGIT — Tue, 07 Jan 2025 05:15:07 +0000

“We’re seeing people up and down the cabinet who have been supportive of digital assets, innovation, and AI,” said TRM Labs’ Ari Redbord.

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Tron, Tether, and TRM Labs Join Forces to Tackle Crypto Crime

DIGIT — Tue, 10 Sep 2024 15:40:09 +0000

Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron, […]

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Tether stablecoin issuer and Tron launch financial crime unit

DIGIT — Tue, 10 Sep 2024 13:41:10 +0000

Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.

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Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report

DIGIT — Fri, 30 Aug 2024 20:05:55 +0000

A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global […]

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Crypto ATMs surge 17X in Australia amid concerns over use by bad actors

DIGIT — Fri, 30 Aug 2024 02:50:55 +0000

The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime.

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Cambodian Firm Receives $150K in Crypto From North Korean Hackers

DIGIT — Tue, 16 Jul 2024 11:20:02 +0000

A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked to funds stolen from Atomic Wallet, […]

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TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

DIGIT — Sat, 30 Mar 2024 05:41:24 +0000

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 billion worth of USDT used in illegal transactional flows. TRM Labs […]

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North Korean hackers have stolen $2B of crypto since 2018: Report

DIGIT — Fri, 18 Aug 2023 12:15:07 +0000

TRM Labs estimates that North Korean hackers have stolen $200 million of cryptocurrency in 2023 alone.

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Evidence of crypto usage by ISIS is ‘mounting’ — TRM Labs

DIGIT — Sun, 23 Jul 2023 08:50:05 +0000

Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.

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Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

DIGIT — Wed, 28 Jun 2023 12:20:08 +0000

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.

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