On November 29, CoinGeek was contacted by Tron representatives regarding an article detailing the latest Reuters report on terror groups having shifted their blockchain-based financing activities from BTC to Tron.
Reuters recently published an update on Tron's growing popularity with Islamic terror groups, to the point that it has eclipsed BTC as the chain of choice for Iranian-backed groups.
U.S. prosecutors call for Changpeng Zhao not to leave the country before his February sentencing date, while Justin Sun appears well aware that he could be next on the legal chopping block.
Two different people run Binance and Tether, but both claimed to be against illicit acts in the 'crypto' space, which proved untrue for the former, while the latter shows signs of false assertions.
Kraken has become a key fiat off-ramp for Tether's USDT, raising questions about why anyone would send cash to Tether to obtain USDT only to turn around and immediately trade that USDT on Kraken.
Justin Sun's Tron blockchain is again being flagged as terror groups' go-to financing option, while Circle is catching some rare political flak for its ties with Tron.
Tether released its Q3 reserves attestation on Halloween and emphasized in its report was the fiscal reality that Tether ‘asserted’ on September 30.
Tether's claim to fight terrorism financing tied to digital assets contradicts the current state of its USDT stablecoin, which remains a popular funding option for terror groups.
Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while Huobi issued a blog post insisting that the exchange "is operating as usual."
Most prominent exchanges are likened to casinos and tokens as chips, with no practical purpose, leading to crypto wash trading being endemic to the digital asset sector.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.