Tron Blockchain Founder Justin Sun Rejects Reports Linking His Protocol to Terror Funding

Tron blockchain laminitis Justin Sun has rejected suggestions that his protocol is progressively being utilized by violent organizations. Sun said Tron’s apical precedence remains maintaining decentralization arsenic good arsenic making definite users’ assets stay safe. A caller study suggests that betwixt July 2021 and October 2023, Israel’s National Bureau for Counter-Terror Financing (NBCTF) seized 143 Tron wallets.

Tron Wallets Linked to Designated Terrorist Organizations

Justin Sun, the laminitis of Tron blockchain, has pushed backmost against reports suggesting that panic organizations are progressively moving funds via his network. In a station connected X (formerly Twitter), Sun, who did not straight code claims successful a Reuters report, argued that the work of moving Tron is entrusted to “global ace representatives.” He implied that neither helium nor his squad find who uses the protocol.

According to a radical of experts interviewed by Reuters, galore panic organizations present similar moving funds via the Tron protocol due to the fact that it is faster and cheaper than the Bitcoin network. To backmost this claim, the Reuters report cites the seizure of 143 Tron wallets betwixt July 2021 and October 2023 by Israel’s National Bureau for Counter-Terror Financing (NBCTF).

The wallets were either linked to “designated violent organizations” oregon had been utilized for “severe panic crime.” As stated successful the Reuters report, 87 Tron wallets seized by Israeli authorities truthful acold this twelvemonth belonged to Hezbollah portion different 56 belonged to Hamas. Both organizations are branded violent organizations by the U.S., the European Union, and Israel.

TRON is simply a decentralized protocol, akin to Bitcoin and Ethereum, with nodes operating worldwide. Global ace representatives are liable for moving this protocol. While we are committed to combating violent financing by integrating assorted investigation projects and…

— H.E. Justin Sun 孙宇晨 (@justinsuntron) November 27, 2023

However, successful his Nov. 27 station connected X, Sun insisted that Tron is committed to warring panic backing and protecting users’ assets.

“While we are committed to combating violent financing by integrating assorted investigation projects and partners, our apical precedence remains maintaining decentralization, ensuring the information of everyone’s assets, and providing instant, affordable, and reliable transactions, arsenic has ever been the case,” Sun said.

The Tron founder, who is rumored to beryllium U.S. regulators’ adjacent people aft Binance’s Changpeng Zhao, ended the station by expressing his gratitude for manufacture players contributing to the wide adoption of cryptocurrency.

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