Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Tron blockchain founder Justin Sun has rejected reports linking his protocol to terrorist financing.
TRADING NEWS

Tron blockchain founder Justin Sun has rejected reports linking his protocol to terrorist financing.

By Crypto FlexsNovember 29, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tron blockchain founder Justin Sun has rejected reports linking his protocol to terrorist financing.
Share
Facebook Twitter LinkedIn Pinterest Email

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.

advertising


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.

What are your thoughts on this story? Let us know your thoughts in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Don’t invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025
Add A Comment

Comments are closed.

Recent Posts

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Swiss Bitcoin App Relai Acquires MiCA License In France

October 27, 2025

Tapzi Presale Gains Traction with DeepSnitch AI and Bitcoin Hyper

October 27, 2025

The first extension for Solana developers

October 27, 2025

River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim And Refund Instantly After End

October 27, 2025

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025
Most Popular

Russia’s Crypto Infrastructure Aims to Circumvent Western Sanctions, According to Chainalysis

September 6, 2024

Could BEAM prices hit new all-time highs?

January 17, 2024

BarnBridge DAO Fined More Than $1,700,000 for Selling Unregistered Securities

December 23, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.