Tron blockchain founder Justin Sun has rejected suggestions that his protocol is increasingly being used by terrorist organizations. Sun said Tron’s top priority is to remain decentralized and keep user assets safe. According to a new report, between July 2021 and October 2023, Israel’s National Counter-Terrorism Financing Task Force (NBCTF) seized 143 Tron wallets.
Tron wallet linked to designated terrorist organization
Justin Sun, founder of the Tron blockchain, has refuted reports that terrorist organizations are moving more and more funds through their network. Sun, which did not directly address the claims in the Reuters report, claimed in a post on He implied that neither he nor his team decides who uses the protocol.
According to a group of experts interviewed by Reuters, many terrorist organizations now prefer to move their funds over the Tron protocol because it is faster and cheaper than the Bitcoin network. To support this claim, the Reuters report noted that Israel’s National Counter-Terrorism Financing Task Force (NBCTF) seized 143 Tron wallets between July 2021 and October 2023.
It was reported that the wallet was linked to a ‘designated terrorist organization’ or was used for ‘serious terrorist crimes.’ According to a Reuters report, 87 Tron wallets seized by Israeli authorities so far this year belonged to Hezbollah, while the remaining 56 belonged to Hamas. Both organizations are labeled terrorist organizations by the United States, the European Union, and Israel.
TRON is a decentralized protocol similar to Bitcoin and Ethereum, with nodes operating globally. Global Super Representatives are responsible for executing this protocol. We are committed to combating terrorist financing by integrating various analytical projects.
— HE Justin Sun Sun Yuchen (@justinsuntron) November 27, 2023
However, in a post on X on November 27, Sun claimed that Tron was committed to fighting terrorist financing and protecting user assets.
“While we are committed to combating terrorist financing by integrating various analytics projects and partners, our top priority remains as always: maintaining decentralization, ensuring the safety of everyone’s assets, and enabling instant, affordable, and reliable transactions. is to provide ,” Sun said. she said
The Tron founder, who is rumored to be the next target of US regulators after Binance’s Changpeng Zhao, concluded his post by thanking industry players who have contributed to the widespread adoption of cryptocurrencies.
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Source: Bitcoin.com