A report from news outlet Reuters indicates increasing oversight by Israeli authorities on transactions on TRON. The report comes amid backlash from the crypto community due to mainstream media outlets trying to link crypto to illegal activity.

Israel Intensifies Crackdown On TRON Wallets Linked to Militant Funding

According to Reuters, TRON is becoming a “key player” in the financing of Iran-backed militant groups, from Hamas to Hezbollah. Israel’s battle against funding sources takes a new turn, as per Reuters, after consulting with financial crime and blockchain experts and basing their investigation on data provided by Israel’s National Bureau for Counter Terror Financing (NBCTF).

TRON’s appeal over Bitcoin lies in its faster transaction speeds, lower costs, and greater stability, making it the preferred platform for transactions linked to groups classified as terrorist organizations by Israel, the report claimed. An analysis of crypto seizures by Israeli security services since 2021 reveals a notable increase in targeting TRON wallets, signaling a pivot from Bitcoin.

According to the New York-based blockchain analysis firm Merkle Science, there’s a clear shift in preference towards TRON among these organizations. The firm’s CEO, Mriganka Pattnaik, notes this change to TRON’s advantageous transaction attributes.

TRON Founder Responds To Accusations

The Reuters report confirmed that Merkle Science’s clientele includes law enforcement agencies in the U.S., Britain, and Singapore. Justin Sun, Founder of the TRON blockchain, replied to the accusations against the network. Via his official X handle, Sun stated:

TRON is a decentralized protocol, similar to Bitcoin and Ethereum, with nodes oper

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Author: Reynaldo Marquez

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