Tron overtakes BTC as Hamas’ and Hezbollah’s blockchain of choice
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. On the other hand, it has been exploited by various bad actors to conceal illicit activity with greater ease. Due to its preeminence, Bitcoin (BTC) has been the platform of choice for cryptocurrency transactions – legal and illegal – but that has seemingly changed in recent years. The Tron (TRX) network has overtaken BTC as the blockchain of choice for transactions carried out across the globe, including by the factions of the Iran-backed “Axis of Resistance.” Recently, organizations such as Hamas and Hezbollah have been increasingly using Tron to make their transactions, and, reportedly, the bulk of accounts frozen by Israel in the immediate aftermath of the October 7 attack are on Tron. Majority of Tron wallets seized belong to “Axis of R...