Tron Replaces Bitcoin as Preferred Crypto for Hamas, Hezbollah: Reuters

• Tron Blockchain Now Preferred by Certain Designated Terror Groups Over Bitcoin
• Significant Increase in Cryptocurrency Seizures from Tron Wallets
• Inclusions of Recent Seizures
• Shift from Bitcoin to Tron Among Terrorist Groups
• Tron's Response to the Allegations

Tron Blockchain Now Preferred by Certain Designated Terror Groups Over Bitcoin

The Tron blockchain has surpassed Bitcoin$42,260 -0.64% as the preferred cryptocurrency network for organizations such as Hamas and Hezbollah, as reported by Reuters on Monday. These groups are tagged as terror organizations by the U.S., U.K., and numerous other jurisdictions.

Significant Increase in Cryptocurrency Seizures from Tron Wallets

Since 2021, there has been a significant increase in cryptocurrency seizures from Tron wallets and a corresponding decrease in seizures from Bitcoin wallets, according to Reuters' analysis. Israel has conducted 87 such seizures from Tron wallets this year, which accounts for two-thirds of the total number since July 2021.

Inclusions of Recent Seizures

The recent seizures include 39 from wallets that Israel identified in June as belonging to the Lebanon-based group Hezbollah and 26 in July from the Palestinian Islamic Jihad, an ally of Hamas.

Shift from Bitcoin to Tron Among Terrorist Groups

Initially, Bitcoin was the go-to cryptocurrency, but our data now demonstrates a clear shift towards Tron among these terrorist groups, commented Mriganka Pattnaik, CEO of blockchain analysis company Merkle Science.

Tron's Response to the Allegations

In response to these findings, Tron spokesperson Hayward Wong stated to Reuters that all technologies could theoretically be used for questionable activities. He further added that Tron does not exercise control over those who use its network.

Edited by Jonathan Stoker