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Tron founder Justin Sun invokes the idea of decentralization while responding to the claims. TRX token plunged on the news of the claims, stablecoin TUSD lost its peg.

Israel's battle against the financing of Iran-backed militant groups, spanning from Hamas to Hezbollah, has encountered a new battleground: the rapidly expanding crypto network known as Tron.

Seven experts interviewed by Reuters reveal that Tron has become the preferred cryptocurrency transfer network for groups associated with designated terrorist organizations in Israel, the United States, and other countries. However, this development marks a shift from Bitcoin, which was previously more commonly associated with such activities.

TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries. According to a Reuters report, this development has opened a new front in Israel's battle against the funding of alleged Iranian-backed militant groups.

Gain insights into the evolving global crypto landscape as Tron takes precedence over Bitcoin as the preferred choice for illicit financing.

Tron blockchain TUSD peg decreased slightly in the past few hours amidst growing uncertainties surrounding the Tron blockchain, raising concerns within the crypto community.

Tron (CRYPTO: TRX) has emerged as the crypto network of choice among groups that Israel and the U.S. designate as terror organizations, according to Reuters, citing financial crime experts and blockchain investigations. What Happened: In 2021, Bitcoin (CRYPTO: BTC) was considered the preferred platform for crypto transfers by militant groups such as Hamas to Hezbollah.

Justin Sun, founder of the Tron (TRX) blockchain, has defended the network in a Nov. 27 X (formerly Twitter) post following a Reuters report that it is increasingly being used to finance terrorist activities and organizations. Sun stressed that Tron's decentralized structure, similar to Bitcoin (BTC) and Ethereum (ETH), forms the core of its philosophy.

TRON vigilant defense is taking significant strides in upholding its core values.

Israeli security agencies have flagged the Tron network as the go-to platform for militant groups involved in crypto transfers, particularly linked to organizations like Hamas and Hezbollah.

So far, the pseudo-anonymity offered by cryptocurrencies has proven both a blessing and a curse. On the one hand, it has been welcomed by the many honest and legitimate actors in the industry as a positive break from modern trends.

In the sprawling realm of cryptocurrencies, where market tides change swiftly, two prominent altcoins, Chainlink (LINK) and Tron (TRX), are currently in the spotlight. While Chainlink grapples with a recent 5% drop, Tron resiliently dips, keeping its sights on a December rebound to even greater heights.

Almost two-thirds of Israel's Tron seizures were in 2023, including 39 from wallets Israel said in June were owned by Lebanon's Hezbollah and 26 in July from Hamas ally Palestinian Islamic Jihad.

Israeli security agencies note that the Tron network has become the preferred platform for crypto transfers by militant groups linked to Palestine, Hamas, etc.

How is Tron and its wallets tied to the ongoing war between Israel and Palestine? The Hamas attacks on Israel on October 7 killed approximately 1,200 people.

Amid Israel's ongoing fight against militant groups such as Hamas and Hezbollah, security agencies have unearthed a new link of terror organizations using the fast-growing Tron network. Another possible reason behind the same is the Tron network attracting less scrutiny than Bitcoin.

The Tron blockchain has gained popularity among Iran-backed militant groups, overtaking the Bitcoin network.

In the aftermath of September's HTX breach, along with the subsequent attacks on Poloniex and Heco Bridge in November, HTX faced yet another security breach on November 23, resulting in a loss of $30 million. HTX announced its commitment to “fully compensate” for the financial damages caused by the hack.

TRON's rally has come to an end after peaking at $0.11. TRON (TRX) was rejected twice at the resistance level before selling pressure persisted.

More than $86.6 million in cryptocurrencies were illicitly moved from the HECO Chain bridge to questionable addresses, indicating a possible ongoing breach of the bridge. Tron's (CRYPTO: TRON) founder Justin Sun has assured that HTX will cover all losses users suffered due to this security breach.

Justin Sun assured that HTX will fully reimburse users for any losses incurred in the hack.

TRON's emergence in the blockchain realm has brought a wave of transformation. Today, let's join Coincu to learn about the top projects on the TRON blockchain.

The TRX price continues the sideways trend as it consolidates despite the Bitcoin price falling 4.6% to the $36K mark. Surviving the sharp increase in supply pressure observed market-wide, Tron manages to sustain above the psychological mark of $0.10.

TRON (TRX) price tested the recent high twice before breaking above the moving average lines.