Tron (TRX) Under Scrutiny as Lazarus-Linked Funds Laundered Through OTC Brokers

Blockchain investigator ZachXBT has exposed a sophisticated money laundering network involving small over-the-counter (OTC) brokers processing funds stolen by the notorious Lazarus Group. The illicit activities were reportedly funneled through the Black U market on the TRON (TRX) blockchain, which handles an estimated $5-$10 billion in unattributed transactions. This revelation underscores systemic vulnerabilities in cryptocurrency oversight, particularly in the TRON ecosystem. Cryptocurrency exchanges are facing increasing criticism for allegedly ignoring suspicious activities, with more than half of the transactions remaining unchecked. As of June 2025, this development raises concerns about the regulatory challenges and security risks associated with TRON and other blockchain networks, potentially impacting investor confidence and market stability.

Lazarus-Linked Funds Laundered Through OTC Brokers, Crypto Investigator Reports

Blockchain investigator ZachXBT has uncovered a sophisticated laundering network involving small OTC brokers processing funds stolen by the Lazarus Group. The Black U market on TRON allegedly handles $5-$10 billion in unattributed transactions, highlighting systemic vulnerabilities in crypto oversight.

Exchanges face mounting criticism for allegedly turning a blind eye to illicit activity. More than half of some platforms' transaction volume reportedly originates from stolen funds, with fee structures incentivizing passive complicity. Regulatory erosion compounds the issue—high-profile memecoin launches by politicians and dropped court cases have created a permissive environment for financial misconduct.

The crypto underworld has never been more active. Hydra's $5 billion darknet marketplace set precedent for today's laundering ecosystems, where criminals exploit weak AML jurisdictions, privacy tools, and OTC desks. The 2016 Bitfinex hack remains emblematic—120,000 BTC ($4.5 billion) moved through layered obfuscation techniques including chain-hopping and mixers.

Nobitex Loses $73M in TRON Exploit—Is Iran’s Top Crypto Exchange Under Threat?

Iran’s largest cryptocurrency exchange, Nobitex, has confirmed a significant security breach resulting in a $73 million loss from its hot wallets. The incident, disclosed via Telegram on June 19, involved unauthorized access to part of the exchange’s hot wallet infrastructure. Nobitex immediately suspended affected systems and launched an investigation.

Blockchain investigator ZachXBT traced the exploit to TRON wallets with provocative vanity addresses, including one beginning with "TKFuckiRGCTerroristsNoBiTEX." Suspicious transactions spanned TRON and EVM-compatible blockchains, though Nobitex has only confirmed a portion of the estimated $73 million loss.

The breach highlights ongoing vulnerabilities in crypto exchange security, particularly for platforms operating in geopolitically sensitive regions. Nobitex’s response will be closely watched as it balances transparency with damage control.

Eric Trump Denies Formal Role in Tron's Nasdaq Listing Amid Crypto-Political Chatter

Eric TRUMP has publicly distanced himself from Tron's planned Nasdaq listing, despite being named as an advisor to Dominari Securities, the firm handling the $210 million reverse merger with SRM Entertainment. His June 2025 tweet emphasized admiration for Justin Sun while denying any "public involvement" in the deal.

The Trump family's crypto ties continue to draw scrutiny. Eric and Donald Trump Jr. serve on Dominari's advisory board, while former President Donald Trump has reportedly earned $57 million this year from NFT sales and the TRUMP token launch. Observers question whether political influence is easing the family's entry into crypto ventures.

Tron's merger plans coincide with a $100 million equity investment from an undisclosed private backer. The overlap between high-profile political figures and cryptocurrency deals highlights growing convergence between digital assets and traditional power structures.

Pro-Israel Hacker Group Claims $49M Cyberattack on Iran's Nobitex Exchange

Iranian cryptocurrency exchange Nobitex has suffered a security breach resulting in the unauthorized transfer of $48.65 million in crypto assets on the Tron network. The pro-Israel hacker group Gonjeshke Darande claimed responsibility, alleging Nobitex facilitates terror financing and sanctions evasion.

The exchange confirmed a compromise of hot wallets but assured customer funds in cold storage remain secure. Nobitex pledged full compensation through insurance and reserves. The hackers threatened to release internal data within 24 hours, escalating risks to remaining assets.

This incident highlights the growing intersection of cybersecurity and geopolitical tensions in cryptocurrency markets. The attack's sophistication suggests state-affiliated actors may be increasingly targeting crypto infrastructure as part of broader conflicts.