PANews reported on January 17 that according to The Block, blockchain intelligence company TRM Labs found that illegal transactions on the cryptocurrency chain fell by 24% in 2024 to $45 billion, accounting for only 0.4% of the overall crypto transaction volume. Although total transaction volume increased by 56% last year to $10.6 trillion, the efforts of law enforcement agencies and industry cooperation have effectively curbed illegal activities. TRON's illegal transactions have dropped significantly, with illegal transactions decreasing by $6 billion, almost halving the proportion, thanks to its T3 financial crime unit established in cooperation with Tether and TRM Labs. However, TRON is still the main blockchain for illegal activities, accounting for 58% of the total illegal transaction volume, attracting criminals with low transaction fees and popular stablecoins. The report also shows that sanctions violations account for one-third of illegal transactions, and scams and fraud account for a quarter, of which fraud-related capital inflows fell 40% from last year. At the same time, ransomware attacks and terrorist financing have increased, especially those carried out by North Korean and Russian hackers.