Amid Israel’s ongoing fight against militant groups such as Hamas and Hezbollah, security services have uncovered a new link of terrorist organizations using the rapidly growing Tron network. Another possible reason behind this is that the Tron network attracts less attention than Bitcoin. This may put the altcoin project in the crosshairs of many countries, especially the USA. Because the USA made similar claims in the Binance case.
They prefer this altcoin project to Bitcoin!
The Tron network has surpassed Bitcoin in terms of speed and cost-effectiveness. That’s why it has become the preferred platform for crypto transfers associated with groups labeled as terrorist organizations by various countries, including Israel and the United States. The opinions of seven financial crime experts and Blockchain investigation experts reveal this shift in preference. Reuters’ analysis of crypto seizures announced by Israeli security services since 2021 also supports this trend. Accordingly, there has been a significant increase in targeting of Tron wallets. Additionally, analysis shows a simultaneous decline in Bitcoin wallet takeovers.
Mriganka Pattnaik, CEO of New York-based Blockchain analysis firm Merkle Science, draws attention to one thing. Pattnaik states that terrorist organizations are increasingly preferring the altcoin project Tron instead of Bitcoin. Therefore, it draws attention to this transition. He attributes this change to Tron’s faster transaction times, lower fees, and improved stability. Merkle Science’s customers include law enforcement agencies from the United States, the United Kingdom and Singapore. Israel’s National Bureau of Combating Terrorist Financing (NBCTF), which is responsible for such seizures, seized 143 Tron wallets between July 2021 and October 2023, believing they were linked to a “designated terrorist organization” or were being used for a “serious terrorist crime,” according to a Reuters analysis. froze. These developments also drew attention to the altcoin project.
Authorities seized numerous crypto wallets
Israel seized 87 Tron wallets this year. 39 of them are linked to Lebanese Hezbollah. He also seized 26 wallets linked to the Palestinian Islamic Jihad. The seizures also include 56 Tron wallets linked to Hamas. Following the Hamas attack, Israel seized the most important known crypto accounts. Thus Dubai Co. It froze approximately 600 accounts associated with , without specifying the crypto networks or coins used.
Individuals affected by the seizure who use the altcoin Tron deny any ties to Hamas or Islamic Jihad. These people state that they trade crypto for business or personal finance. One person talks about the possibility of making a one-time money transfer to someone associated with Hamas. Meanwhile, cryptokoin.comAs you follow from , the armed wing of Hamas, which had previously raised crypto funds, announced in April that it would stop raising funds with Bitcoin, without mentioning Tron.
