TRM Labs | Crypto

Venezuela’s worsening economy and a weakening bolívar are driving wider stablecoin adoption, TRM Labs says. The post Stablecoin Use in Venezuela Set to Rise as Bolívar Weakens: TRM Labs appeared first on Cryptonews.

The T3 Financial Crime Unit (T3 FCU), a joint initiative led by Tether, TRON, and TRM Labs, announced it has frozen more than $300 million in criminal assets globally. The post Tether, TRON, and TRM Labs’ Financial Crime Unit Blocks $300M in Illicit Crypto appeared first on Cryptonews.

Iran crypto flows dropped 11% so far this year to July, amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets. Flows into Iranian crypto trading platforms have fallen in 2025 due to a breakdown in nuclear negotiations with Israel, a $90 million hack on Iran’s largest crypto exchange, and a major stablecoin blacklisting, says blockchain analytics firm TRM Labs. Iranian crypto flows hit $3.7 billion between January and July, an 11% decrease compared to the same period last year, with the worst drop off coming in June and July, TRM Labs said in a report on Tuesday. Iran’s crypto flows started to sharply drop in June, just after the $90 million hack on Nobitex, which handles 87% of the country’s crypto transactions.  Read more

TRM Labs says the Embargo ransomware group has moved over $34 million in ransom-linked crypto since April, targeting US hospitals and critical infrastructure. A relatively new ransomware group known as Embargo has become a key player in the cybercrime underground, moving over $34 million in crypto-linked ransom payments since April 2024. Operating under a ransomware-as-a-service (RaaS) model, Embargo has hit critical infrastructure across the United States, with targets including hospitals and pharmaceutical networks, according to blockchain intelligence firm TRM Labs. Victims include American Associated Pharmacies, Georgia-based Memorial Hospital and Manor, and Weiser Memorial Hospital in Idaho. Ransom demands have reportedly reached up to $1.3 million. Read more

Crypto private key exploits and front-end protocol attacks account for 80% of the $2.1 billion worth of crypto that has been stolen so far this year, TRM Labs reports. Crypto private key exploits and front-end compromises have accounted for most of the $2.1 billion worth of crypto lost to attacks in the first half of 2025, says blockchain intelligence firm TRM Labs.  Over 80% of crypto stolen across 75 hacks so far this year was taken in so-called infrastructure exploits, which, on average, made off with 10 times more than other attack types, TRM Labs said in a report on Thursday. Infrastructure attacks target the technical backbone of a system to gain unauthorized control, mislead users, or reroute assets. Read more