Friday, July 18, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

TRON’s Public Listing Ambitions Stir Controversy Amid Alleged Criminal Ties

Irene Mukiri by Irene Mukiri
June 18, 2025
in Market, News
Reading Time: 4 mins read
TRON’s Public Listing Ambitions Stir Controversy Amid Alleged Criminal Ties
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Tron’s IPO plans face scrutiny as laundering links and timing raise red flags
  • Over half of Tron-based DeFi activity may stem from tainted or illicit capital
  • Legal gaps and influencer fraud deepen mistrust in crypto’s core principles

The crypto industry stands at a dangerous crossroads as Tron Group pushes forward with an ambitious U.S. public listing. While the firm pursues a reverse merger with SRM Entertainment to fast-track its IPO, blockchain sleuths raise troubling alarms. 

Tron, under Justin Sun’s leadership, is now under scrutiny for allegedly being a central player in a growing multi-billion-dollar laundering scheme. According to Wise Crypto data, as regulators review the $210 million TRX-backed listing plan, the timing couldn’t be more precarious.

Related articles

Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process

Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process

July 18, 2025
How Did Circle's Stock Jump From $31 to $299 in Just Weeks

How Did Circle’s Stock Jump From $31 to $299 in Just Weeks?

July 17, 2025

🚨 Tron – $TRX is making moves:

$210M reverse merger to go public on Nasdaq
TRX up 10% 📈
$55.7M in 30-day revenue
$694.5B USDT transfers in May 💸
Aligning with Eric Trump & adopting MicroStrategy-style reserves

All-time high incoming? 👀 $TRX#Tron #TRX #Crypto #IPO #USDT pic.twitter.com/6D7WLRIjNJ

— Wise Crypto (@WiseCrypto_) June 17, 2025

Black Market Thriving in Plain Sight

According to independent blockchain investigator ZachXBT, the so-called “Black U market” on Tron is estimated to be worth $5–10 billion. This underground system reportedly serves laundering groups and hostile state actors like North Korea’s Lazarus Group. 

With growing involvement from small OTC brokers, stolen funds from high-profile hacks including DMM Bitcoin, Bybit, and WazirX are being washed through Tron-based protocols.

Significantly, this illicit flow appears to be hiding in plain sight. Analysts believe over 50% of the activity on certain DeFi platforms comes from tainted capital. Despite this, some teams continue to collect fees without taking action, essentially monetizing crime. Besides fueling illicit finance, this behavior is corroding trust in the legitimacy of decentralized finance.

The crime supercycle is indeed very real.

While it’s true the industry has historically been ripe for abuse it has noticeably increased since politicians launched meme coins and numerous court cases were dropped further enabling the behavior.

Laundering groups and small OTC… pic.twitter.com/jzQRTYeChO

— ZachXBT (@zachxbt) June 18, 2025

Courts, Influencers, and a Broken System

Meanwhile, outdated legal systems are providing cover for exploiters. Courts have sided with smart contract hackers in several recent rulings, allowing them to walk away unpunished. This legal gray area is enabling more bad actors to operate with impunity.

Additionally, influencers and key opinion leaders who shill scams face no accountability. Many promote questionable projects, extract money from their communities, and disappear, all without consequences. With meme coins being launched by politically connected individuals, including lawmakers, the credibility of the space continues to erode.

Dangerous Shift in Sentiment

Tron’s price has also taken a hit amid growing concerns. As of press time trading at $0.2688, TRX fell 3.64% in the past 24 hours and 7.66% over the week. Although stablecoin activity on Tron remains strong, the criminal allegations cast a long shadow over network growth.

More importantly, a dangerous sentiment is creeping in. As rules bend and bad actors thrive, many feel justified in extracting value while they can. This shift from idealism to opportunism could define the next chapter of crypto.

Tags: TRON (TRX) News

Related Posts

Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process

Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process

by Veronicah Peninah
July 18, 2025

Backpack has launched a neutral, fee-free FTX claims sale channel connecting holders to interested third-party buyers. The platform provides a...

How Did Circle's Stock Jump From $31 to $299 in Just Weeks

How Did Circle’s Stock Jump From $31 to $299 in Just Weeks?

by Munene Timothy
July 17, 2025

Circle's IPO surged from $31 to $298.99, lifting its market cap to $72B amid strong demand for USDC and digital...

PEPE Eyes Breakout as ETH-Linked Momentum Builds What Are the Next Price Levels

PEPE Eyes Breakout as ETH-Linked Momentum Builds: What Are the Next Price Levels?

by Munene Timothy
July 17, 2025

PEPE nears 0.00001400 resistance after a 38% rally, with bullish EMAs and a textbook cup-and-handle formation. MACD and RSI indicators...

Bitcoin Dominance Falls Below 63% as Ethereum Rises and Altcoins Rally Across the Market

Bitcoin Dominance Falls Below 63% as Ethereum Rises and Altcoins Rally Across the Market

by Veronicah Peninah
July 17, 2025

BTC’s market dominance has dropped below 63%, suggesting a shift in capital flow toward Ethereum and altcoins. ETH breaks above...

ADA Price Prediction Is $1.50 Within Reach for ADA

ADA Price Prediction: Is $1.50 Within Reach for ADA?

by Irene Mukiri
July 17, 2025

ADA eyes breakout above key trendline as momentum and volume signal strong rally MACD crossover and RSI near 79 confirm...

Load More

Recent News

  • Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process
  • How Did Circle’s Stock Jump From $31 to $299 in Just Weeks?
  • PEPE Eyes Breakout as ETH-Linked Momentum Builds: What Are the Next Price Levels?
  • Bitcoin Dominance Falls Below 63% as Ethereum Rises and Altcoins Rally Across the Market
  • ADA Price Prediction: Is $1.50 Within Reach for ADA?

Popular News

  • Solana SOL Has Just Reclaimed $7 Billion in DeFi TVL

    Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    194 shares
    Share 78 Tweet 49
  • KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    195 shares
    Share 78 Tweet 49
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process
Backpack Launches Neutral FTX Claims Sale Platform to Assist Global Holders in Recovery Process
July 18, 2025
How Did Circle's Stock Jump From $31 to $299 in Just Weeks
How Did Circle’s Stock Jump From $31 to $299 in Just Weeks?
July 17, 2025
PEPE Eyes Breakout as ETH-Linked Momentum Builds What Are the Next Price Levels
PEPE Eyes Breakout as ETH-Linked Momentum Builds: What Are the Next Price Levels?
July 17, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact