Bitrace Reveals Over 3.4 Billion Risky TRC20 USDT Flowing into OTC Addresses: Report

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Bitrace Reveals Over 3.4 Billion Risky TRC20 USDT Flowing into OTC Addresses: Report
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In a recent fund analysis conducted by Bitrace on Tron addresses involved in over-the-counter businesses, findings indicate that more than 3.439 billion USDT, categorized as ‘at risk,’ has flowed into these addresses over the past 24 months.Recent findings after Bitrace analyzed Tron addresses that conduct Over-The-Counter operations reveal that over the past 24 months, an alarming 34.39 billion USDT at risk has been transferred to these wallets.

Anonymity is a crucial aspect of the cryptocurrency industry as users increasingly embrace privacy-enhancing technologies. However, it’s important to note that this trend also introduces higher associated risks. Bitrace’s research demonstrates that OTC trading markets with higher levels of anonymity tend to attract a higher proportion of risky

Bitrace’s earlier audit results of JPEX hot wallet addresses revealed 22.04% of risk funds. Consequently, operators of these acceptance companies may face future anti-money laundering investigations.

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