TRM Labs
Coverage of TRM Labs in the Nexus archive.
- Takeaways from AP/’FRONTLINE’ investigation into how US tech is abused for global scams
American technology and companies are being exploited to enable global scams, with AI tools like OpenAI’s ChatGPT and Google’s Gemini used in Southeast Asian scam operations. U.S. internet service providers, including Cogent Communications, Oracle, and AT&T, are involved in carrying traffic from scam centers linked to sanctioned entities in Myanmar. The Federal Trade Commission estimates Americans lost nearly $200 billion to such fraud in 2024.
- CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
TRM Labs uncovered over $3.84 billion in crypto flows between CoinEx and a web of more than 60 sanctioned Iranian platforms. CoinEx denied having knowledge of aiding the sanctioned Iran crypto market.
- CoinEx processed $3.8 billion in Iran-linked funds, acting as crypto gateway: TRM Labs
CoinEx processed $3.8 billion in Iran-linked funds and acted as a crypto gateway, according to TRM Labs. The exchange also interacted with terrorist organizations, including the Islamic Revolutionary Guard Corps, and sanctioned Russian entities.
- Onchain gambling keeps rolling with $14B quarter despite crypto slump: TRM Labs
TRM Labs reported that onchain gambling reached $51 billion in 2025, driven by repeat users and stablecoin flows, maintaining resilience despite a broader crypto market decline. The sector generated $14 billion in a single quarter during the downturn.
- Tether, Tron and TRM Financial Crime Unit Has Frozen $450 Million in Illicit Crypto Funds
A public-private partnership among Tether, Tron, and TRM Labs has frozen $450 million in illicit crypto funds and is working with law enforcement in 23 countries to expand its global reach. The partnership aims to combat financial crime. This collaboration marks a significant step in the fight against illicit cryptocurrency activities.
- Tether, TRON and TRM Labs-backed T3 Financial Crime Unit tops $450 million in frozen illicit crypto assets
T3 Financial Crime Unit has frozen over $450 million in illicit crypto assets, reporting a 43.9% annual increase in intercepted proceeds. This milestone indicates the unit's success in combating financial crime. The unit is backed by notable organizations including Tether, TRON, and TRM Labs.
- North Korea accounts for 76% of 2026 crypto hack losses, with theft since 2017 topping $6 billion: TRM Labs
North Korea-linked hackers stole $577 million in April 2026, contributing to 76% of global crypto losses that year. Total theft attributed to North Korea since 2017 now exceeds $6 billion, according to TRM Labs.
- Global crypto adoption slumps amid macro pressures, Turkey defies downtrend
Global retail crypto activity declined 11% in Q1 due to macroeconomic pressures, but Turkey and emerging economies demonstrated resilience, according to TRM Labs data.