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TRM Labs: Tron saw largest illicit volume reduction in 2024

Tron recorded a $6 billion decrease in illicit activity in 2024, nearly cutting its 2023 figures in half. The reduction is attributed to the efforts of the T3 Financial Crime Unit established in August.

The T3 Financial Crime Unit has frozen over $130 million in USDT associated with illegal transactions, showcasing the effectiveness of its initiatives against illicit crypto activities on Tron.

Despite the decline, Tron accounts for 58% of the total illicit crypto volume, with Ethereum, Bitcoin, Binance Smart Chain, and Polygon following at 24%, 12%, 3%, and 3% respectively.

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