Mars Finance News, on April 29, according to official sources, Bitrace released an annual crypto crime report indicating that the scale of crypto fraud has dramatically increased. Blockchain addresses associated with fraudulent activities and stablecoin collection in 2024 have experienced explosive growth. $. Compared to 2021-2023, the fund scale has reached $has reached $52.5 ,5 billion, exceeding the total of previous previous years. Additionally, stablecoin on-chain freezing activities have significantly increased. In 2024, stablecoin issuers have activelyelcooperenforcement. Tether and Circle have frozen stablecoins worth over $1.3 billion on the Ethereum ETH and Tron networks, which is twice the freezing scale of the previous three years. Regulation has brought positive impacts to Hong Kong. Globally, major regulatory bodies have shifted from a wait-and-see attitude to more active involvement, driving the industry towards a more standardized and transparent direction. Hong Kong's compliance policies, through clear legal requirements, customer fund protection, combating illegal activities, attracting institutional funds, and aligning with international standards, have constructed a safer and more controllable crypto ecosystem. This reduces caused byacker attacksacks, platform bankruptcies, or legal penalties, but also indirectly reduced risks by enhancing market trust and stability.
Bitrace releases annual crypto crime report: Crypto fraud and stablecoin on-chain freezing activities will both increase significantly in 2024
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