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Israel is now confronting the financing of Iranian militant groups, such as Hamas and Hezbollah, on the expanding Tron cryptocurrency network. This marks a new front in their battle against illicit funding.
Tron (TRX) has emerged as the preferred platform for cryptocurrency transfers linked to groups such as Hamas and Hezbollah, which are recognized as terrorist organizations by Israel, the US, and other nations, according to a report on November 29.
The Israel National Bureau for Counter-Terror Financing (NBCTF) has taken action by freezing 143 Tron (TRX) wallets suspected to be associated with these militant fraternities.
This measure occurred between mid-2021 and October 2023 as part of efforts to curb financial support for groups like Hamas and Hezbollah. The surge in Tron (TRX) seizures indicates a change in the approach of these organizations, marking a departure from Bitcoin wallet seizures.
The appeal of Tron (TRX) is rooted in its faster transaction speeds, reduced fees, and overall stability when contrasted with Bitcoin. This shift underscores a strategic preference for Tron (TRX) over Bitcoin among these groups.
Meanwhile, TRX continues to decline, losing
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