• A surge in potentially tainted USDT tokens due to illicit activities occurred over the last few years.
• Tron network’s sentiment and TRX’s price faced uncertainties as a result.

Tether [USDT], a dominant stablecoin in the cryptocurrency market, faced growing concerns due to illicit activities that have been funneled into its addresses. This influx of questionable activity may have repercussions for both USDT and the Tron [TRX] network.

Realistic or not, here’s TRX’s market cap in BTC’s terms

Over the counter, under the table

Over the last 24 months, an alarming amount of TRC20 USDT has found its way into over-the-counter (OTC) addresses.  Many of these transactions were associated with various scams and illicit actions.

OTC trading serves as a crucial channel for cryptocurrency users to facilitate the exchange of their assets. Beyond traditional centralized platforms, compliant cryptocurrency service providers, and significant money laundering hubs, some crypto payment platforms also provide OTC trading services.

However, the degree of KYC implementation varies among these platforms. This results in varying levels of risk associated with their addresses.

A comprehensive fund analysis conducted by Bitrace focused on Tron addresses exhibiting characteristics indicative of OTC business. It excluded addresses connected to centralized exchanges, compliant cryptocurrency services, and large-scale money laundering operations.

The analysis exposed a significant inflow of more than 34.39 billion USDT tokens into these addresses within the past two years.

Worryingly, more than half of these inflows fell into the medium- and high-risk fund category. Specifically, 14.7% of the USDT was associated with online gambling, 20.1% with gray and black-market industries, and 19.4% with money laundering.

Looking at the sentiment

The implications of this surge in potenti

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Author: Himalay Patel

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