Darknet markets prefer $BTC, but Ponzies and terrorism supporters mostly use $USDT on Tron, according to trmlabs. baidakova reports
Crypto criminals have moved on from bitcoin to other cryptocurrencies, was the main takeaway from a report released Wednesday by blockchain analytics company TRM Labs.
Various DeFi exploits brought attackers $3.7 billion, including $2 billion stolen from cross-chain bridges. And around $1.5 billion went to darknet marketplaces selling illegal drugs, TRM said. “In 2016, two-thirds of crypto hack volume was on Bitcoin; in 2022, it accounted for just under 3%, with Ethereum and Binance Smart Chain dominating the field,” the report. TRM also found that bitcoin is no longer the preferred coin for terrorism financing: now USDT on the Tron blockchain is dominating that market. The cryptocurrency is especially popular with ISIS and its affiliates in Pakistan and Tajikistan, TRM said.
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