TRM Labs

Chainalysis has filed a lawsuit against the US regarding a contract worth $95 million involving ICE and TRM Labs. The complaint was sealed, meaning that details concerning Chainalysis’ specific objections and requested remedy remain undisclosed as briefing continues.

TRM Labs reports that the UK-sanctioned exchange HTX has been rotating hot wallets across multiple blockchains, complicating efforts to screen address lists effectively.

HTX is accused of using rotating wallets to evade UK sanctions screening, according to TRM Labs. UK authorities sanctioned the crypto exchange in May for its alleged role in facilitating Russian sanctions evasion.

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.

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 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.

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.

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.

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-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 retail crypto activity declined 11% in Q1 due to macroeconomic pressures, but Turkey and emerging economies demonstrated resilience, according to TRM Labs data.