Tron founder Justin Sun said on Jan. 19 that the United Nations’ recent report about the illicit use of USDT misrepresents some of the “professional facts” about blockchain networks.

The UN report, which focuses on the rising use of USDT in fraudulent transactions, particularly in Southeast Asia, has drawn attention to blockchain technology’s challenges in preventing its misuse by bad actors.

The report also claimed that Tron is the “preferred” network for illegal financial activity.

Tron refutes UN allegations

Sun said Tron “wholeheartedly supports” the idea of stopping malicious actors from misusing blockchain technology. However, he added that blockchain technology needs to be understood better to achieve that goal.

He referred the UN to Tron DAO’s official statement for clarification. The statement refutes the UN’s allegations against the network as misrepresenting the facts. According to Tron DAO:

“It is inaccurate to allege that USDT transactions facilitated with Tron’s TRC-20 protocol are “a preferred choice” for bad actors.”

The DAO added that Tron is the most popular blockchain network for USDT, with over 50% of the global market share. This means the network is used disproportionately more than others, including Ethereum. In other words, it’s the preferred network for everyone due to its speed and low cost.

Tron DAO said that the network “actively engages with forensic partners” to help identify malicious transactions, but stopping them directly is beyond the capabilities of a decentralized network. It wrote:

“It is fundamentally flawed to assert that Tron, Ethereum, or similar decentralized protocols may exercise direct control over those who leverage this open-source technology.”

Tron has previously come under fire for similar reasons.

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Author: Assad Jafri

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