Tron news

Blockchain data firm Bitquery has traced at least $4 million in USDT thefts to a network of 365 TRON addresses, with 43 collector wallets linked by funding flows to a common fee wallet. The investigation, covering Oct. 5 to Nov. 4, found 89 of the victim addresses lost only TRX. Bitquery matched one theft to a published iPhone-owner account but could not identify devices or exploits for most addresses, and common operator control remains unproven. Separately, Security Alliance logged six iOS wallet-compromise reports involving about $127,000 in losses from Oct. 28 to Nov. 3, affecting Trust Wallet and one Uniswap Wallet. Trust Wallet advised users to install the latest iOS updates and avoid storing recovery phrases in screenshots. This follows research on the DarkSword spyware variant, which has been used to steal crypto from iPhones, and recommendations from Google's Threat Intelligence Group to update iOS or enable Lockdown Mode.

Tether and Tron quietly shut down the T3 Financial Crime Unit in late August, about two months before Binance's record $6.3 billion hack, Bloomberg reported. The anti-crime alliance, launched in 2024 with TRM Labs and later expanded to Binance, broke down due to slow response times and lack of coordination. Tron, Tether and TRM confirmed the wind-down but did not publicly announce it at the time. Tron said it will share details of a new anti-crime initiative later, while Tether noted it continues working with TRM through the Beacon Network. T3 was set up in September 2024 to combat illicit use of USDT on the Tron blockchain, claiming to have frozen over $450 million by May. The shutdown predates the Oct. 29 Binance hack, which blockchain analysis firms linked to North Korea. Much of the laundering has run through Tron, but Tether alone froze over $1.567 billion in USDT after the attack, and roughly $2.85 billion of stolen assets has been frozen or seized. T3 had offered a single channel for police in 23 jurisdictions to reach Tether, Tron and TRM at once.

The T3 Financial Crime Unit, a partnership between Tron, Tether, and later Binance, was quietly disbanded in late August 2026, as reported by Bloomberg on November 4, 2026. The unit, launched in September 2024 with TRM Labs, aimed to combat illicit use of Tether's USDT on the Tron network. Despite freezing over $450 million in tainted assets by May 2026, the alliance was dissolved due to slow response times and poor coordination among members. No public announcement was made about its closure. Tether plans to continue sharing intelligence through TRM's Beacon Network, while Tron hints at new anti-crime initiatives. The shutdown may force law enforcement to coordinate with each company separately, potentially adding friction to time-sensitive cases.

TRON led all networks in stablecoin transfers, moving $19.4 billion in USDT volume over 24 hours. Data shows TRON processed roughly 73% of total stablecoin transfer volume in Q3 2026, with average daily volumes around $24 billion. USDT supply on TRON averaged $90.75 billion in Q3, representing about 49.5% of tracked USDT supply, and has since climbed above $94 billion in early November. TRON's dominance stems from low fees, high throughput, and gas-free transfers. The network generated $693 million in revenue in Q3, making up 93% of tracked Layer 1 and Layer 2 revenue. It has surpassed $30 trillion in cumulative transaction volume. A first US spot staked TRX ETF has also launched. The concentration of roughly half of USDT supply and most stablecoin volume on one network highlights TRON's dependence on Tether. Key metrics to watch include daily volumes, TRONSCAN supply figures, and revenue share, as this dominance could attract challengers.

Tron led all tracked blockchains in stablecoin growth for the week ending November 3, 2026, adding $256.5 million to its stablecoin market cap, according to Token Terminal. The network now hosts approximately $94.27 billion in stablecoins, with Tether's USDT making up about 97.9% of the supply and reaching an all-time high of over $92.7 billion on the network. Tron's latest weekly gain was less than half the $554.9 million surge seen in a mid-October week and slightly smaller than the $279.5 million added in a single day on October 29. In Q3 2026, Tron settled around $2.21 trillion in stablecoins, averaging $24 billion per day and handling 73% of total stablecoin transfers. Its share of the global stablecoin market rose to 30.2% from 28.7% at the end of Q2. Low fees and fast transaction finality keep Tron ahead of Ethereum in settlement volume, according to CoinDesk. However, with USDT dominating its supply, Tron's stablecoin fortunes remain heavily tied to one issuer, Tether.

TRON has activated governance Proposal 108, introducing a smart contract storage optimization feature to improve network stability. The upgrade took effect on November 2 after receiving approval from Super Representatives, enabling the ALLOW_OPTIMIZE_TVM_STORAGE_KEY parameter on the TRON Virtual Machine. Node operators were instructed to upgrade to the mandatory GreatVoyage-v4.8.2.4 software release. The upgrade comes as TRX rebounded about 2% to trade near $0.32, though it remains down over 4% in the past month. TRON processed approximately $2.21 trillion in stablecoin settlements in Q3 2026. The proposal does not directly change TRX's supply or fees, so price benefits depend on market demand, with resistance near $0.325 and support around $0.314-0.316.

North Korean hackers laundered about $242 million of the $628 million stolen from Binance via Tron within two days, according to onchain analyst SomaXBT. Most funds moved through bridges and swap services, with $194 million leaving Tron. The FBI has attributed the theft to the TraderTraitor group and is pressing services like THORChain to block transactions, listing associated addresses. THORChain's co-founder did not commit to blocking the hackers, while trading remained halted on most chains. Other protocols like Relay and Chainflip also moved funds, though Symbiosis acknowledged gaps in screening. Elliptic noted the laundering appears automated but not AI-driven, as patterns were repetitive. About 44% of stolen funds have been frozen, primarily stablecoins, with Tether freezing $378.7 million USDT.

A wallet linked to the October 29 Binance hack has moved 120 million TRX to an unknown address, according to Whale Alert. The stolen funds, part of the record $6.3 billion breach, are being laundered through small transfers, likely using peel-chain tactics. Tron was one of the hardest-hit networks, with attackers swapping 234 million USDT for about 638 million TRX via SunSwap. Unlike stablecoins, TRX cannot be frozen by a central issuer, making recovery difficult. Tether and Circle froze roughly $2.7 billion to $3 billion in stablecoins after the attack. The hack is attributed to North Korean group TraderTraitor, and Binance is investigating a compromised DevOps laptop as the initial vector. The exchange has set aside $6.34 billion to cover customer losses. The incident highlights the challenge of recovering native tokens like TRX, which rely on tracing and cooperation rather than issuer intervention. It also raises concerns about centralized exchange security and may push some traders toward decentralized platforms.

TRON added $279.5 million in stablecoin market capitalization in 24 hours, the most of any blockchain, as of October 29, 2026. TRON hosts about $94.2 billion in stablecoins, with Tether's USDT comprising $92.197 billion, a 97.87% share, and reaching an all-time high above $92.7 billion. Global USDT supply remained near $184 billion. In Q3 2026, TRON settled $2.21 trillion in stablecoins, averaging $24.05 billion daily and representing 73% of global stablecoin transfer volume. Its share of total stablecoin market cap rose to 30.2% by end of Q3, up from 28.7% in June. TRON's appeal includes low costs and fast settlement, plus a new US spot staked TRX ETF broadening institutional access. The growth reinforces Tether's dependency on TRON, with a significant portion of USDT on one network. Key watch points include whether TRON's market cap share exceeds 30.2%, if weekly additions become steady, and whether gains come at other chains' expense if global USDT supply stays flat.

Blockchain.com has added TRX options to its Trading Account, with a $5 minimum premium, as part of a seven-asset launch. The service, confirmed by TRON DAO on Oct. 28, offers contracts lasting up to one week and is restricted to eligible users outside the U.S., U.K., Canada, and other excluded markets. Blockchain.com acts as the sole counterparty, and options cannot be sold or closed before expiration. The launch follows Blockchain.com's Oct. 20 announcement, which included TRX alongside Bitcoin, Ether, Solana, Hyperliquid, Avalanche, and XRP. The company warns that fees and settlement rules determine profitability, and users lack regulatory protections. This move expands Blockchain.com's derivatives offerings, which already include perpetual futures on Hyperliquid.