Latest news with #Tron
Malaysian Reserve
an hour ago
- Business
- Malaysian Reserve
MetaComp Study Finds Limited KYT Tools Insufficient for Blockchain Compliance
New research on stablecoin flows from MetaComp urges institutions to adopt multi-layered KYT methodology to address critical gaps in AML/CFT compliance. SINGAPORE, July 17, 2025 /PRNewswire/ — As stablecoins are poised to take centre stage in cross-border payments, a new study by MetaComp Pte Ltd (MetaComp), a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), evaluates the effectiveness of leading on-chain Know-Your-Transactions (KYT) tools in detecting Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) risks across major blockchains . The findings highlight critical vulnerabilities in how crypto transactions are screened for financial crime risk. The study analysed 7,000 live and randomly selected transactions on Ethereum and Tron using four leading KYT providers, Chainalysis, Elliptic, Merkle Science, and Beosin. By comparing the results across single-tool, dual-tool, three-tool, and four-tool screening configurations. Findings revealed that up to 25% of high-risk transactions were not flagged when relying on only one or two KYT tools, exposing critical gaps in transaction monitoring and underscoring the risks of insufficient tooling in regulated digital asset environments. Screening Practices Under ScrutinyThe study focused on real-world transactions involving USDT and USDC, the two most widely used stablecoins in global payment flows, across Ethereum and Tron blockchains. MetaComp's analysis compared the effectiveness of using one to four KYT tools per transaction and found that a three-tool approach significantly improves risk detection while maintaining processing speed suitable for real-time environments. This offers a scalable and practical model for institutional compliance. 'For institutions operating in a regulated environment, especially those dealing with stablecoin flows, it is no longer sufficient to rely on a single tool for transaction screening,' said Tin Pei Ling, Co-President of MetaComp. 'This research provides evidence that layering multiple KYT tools can significantly reduce blind spots and strengthen the integrity of on-chain payment ecosystems. We hope these findings will help elevate industry standards for on-chain risk monitoring and support the development of a more trusted digital finance environment.' Key Findings: Accuracy Improves with Layered ScreeningThe study found that relying on a single KYT tool can result in up to 25% of high-risk transactions being missed, meaning 1 in 4 potentially suspicious transactions may go undetected due to limited screening coverage. These high-risk transactions often involved exposure to sanctioned wallet addresses, stolen funds, darknet-linked activity, coin mixers, and fraud-related schemes, all of which typically trigger reporting or escalation requirements. In contrast, a three-tool screening model lowered the false clean rate to below 0.10%, while maintaining screening speeds under two seconds per transaction. This makes it a practical and scalable for production environments requiring near-instant results. The study also identified five systemic weaknesses across the industry that contribute to screening inconsistencies: fragmented risk coverage across different tools, inconsistent risk categorisation, a lack of standardised outputs, operational complexity in reconciling results, and processing latency introduced by multi-tool setups. The research further observed that Ethereum-based transactions showed lower AML/CFT risk signals than Tron in the sampled dataset. Specifically, 6.95% of Tron transactions were flagged as severe risk compared to 0.70% on Ethereum, with more than 20% of Tron transactions assessed at medium-high risk or worse. While the study did not evaluate blockchain protocols themselves, the findings underscore the need for differentiated compliance strategies based on network-specific transaction behaviour. 'We're not comparing blockchain technologies, but rather the nature of the transactional risk flowing through them,' added Tin Pei Ling. 'Each KYT provider sees different parts of the risk landscape. For institutions, relying on a single perspective is no longer viable – reconciling multiple signals is critical to maintaining regulatory trust. Our goal is to close the gaps with defensible infrastructure.' Stablecoins in Focus for Institutional Risk ManagementUSDT and USDC were selected for this study given their prominence in institutional use cases such as remittance, settlement, and merchant payments. MetaComp recommends that a minimum of three on-chain KYT tools be simultaneously implemented for each transaction to strike an optimal balance between AML/CFT effectiveness, cost, and processing efficiency. Analysis shows that using only one or two tools can result in up to 25% of high-risk transactions being incorrectly cleared — exposing critical compliance gaps. While three tools provide effective baseline coverage, MetaComp has adopted a four-tool setup across its CAMP and StableX platforms, raising the standard to deliver enhanced risk detection and stronger regulatory alignment. Methodology and ScopeThe analysis was conducted using 7,000 real and randomly selected transactions involving USDT and USDC across the Ethereum and Tron blockchains. The sample transactions were drawn from live blockchain data on June 26 and 27, 2025, with all MetaComp internal activity intentionally excluded to preserve research independence. Screening was conducted using four KYT tools – Chainalysis, Elliptic, Merkle Science, and Beosin – selected for their data coverage, typology specialisation, regional intelligence, and integration capabilities. To address the limitations of fragmented vendor data, MetaComp applied a proprietary screening methodology comprising: 1. Standardised risk category mapping2. Unified risk parameter configuration aligned with regulatory expectations3. A multi-tool screening workflow that includes initial screening, direct exposure assessment, transaction-level exposure analysis and wallet-level risk profiling While the dataset represents a point-in-time snapshot, the findings offer directional insight into how different KYT screening configurations perform under real-world conditions. The decision to limit the sample to two stablecoins and two blockchains reflects MetaComp's focus on real-world cross-border flows and the screening costs associated with running multi-tool setups. The research also provides a foundation for broader industry dialogue around how digital asset firms can meet rising regulatory expectations while maintaining operational speed, clarity, and cost efficiency. MetaComp acknowledges the time-bound scope of the analysis and encourages further study to support broader generalisations. -END- About MetaComp MetaComp is a leading licensed cross-border FX and digital assets infrastructure provider headquartered in Singapore and licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating on a P2B2C (platform-to-business/partners-to-clients) model, MetaComp empowers institutions, payment service providers, fintechs, and global enterprises to navigate the evolving cross-border payments and the digital asset economy with confidence. With a strong emphasis on compliance, security, and institutional-grade infrastructure, MetaComp delivers an end-to-end suite of digital finance solutions — including OTC and exchange trading, fiat payment rails, regulated digital asset custody, and prime brokerage services. MetaComp is a subsidiary of Alpha Ladder Finance Pte. Ltd., a MAS-licensed Capital Markets Services (CMS) licensee and Recognised Market Operator (RMO). Through its proprietary Client Asset Management Platform (CAMP), MetaComp provides a secure, integrated environment that bridges traditional finance with digital assets. MetaComp's latest innovation, StableX, is a next-generation cross-border FX and liquidity routing infrastructure designed to simplify and accelerate global fund flows. Powered by stablecoins and USD, StableX intelligently optimises multi-currency conversions and settlements, enabling faster, more cost-effective, and highly competitive cross-border transactions. As the FX layer within CAMP, StableX combines the programmability of digital assets with the reliability of regulated infrastructure, delivering a scalable, compliant and seamless ecosystem for the future of global finance. To learn more about MetaComp and its regulated infrastructure and solutions, visit or
New York Post
15 hours ago
- Business
- New York Post
Trump fortune could get nearly $100M boost as restriction to sell his meme coins are lifted: report
President Trump's push into crypto is proving to be very lucrative. A so-called 'unlock' of Trump meme coins is expected to add nearly $100 million to the president's fortune, according to a report. Starting Thursday, entities tied to the president will be able to sell 90 million of the $Trump tokens – worth nearly $930 million at Wednesday's price of $10.30, according to crypto research site Messari. Advertisement 3 A so-called 'unlock' of Trump meme coins this week is expected to add nearly $100 million to the president's fortune. NurPhoto via Getty Images Trump's share of the coins will add $93 million to his $6.4 billion fortune, according to Bloomberg. His net worth has not previously included the locked coins' value. He also has made about $150 million from trading of the meme coin through mid-June, according to an analysis by crypto-risk modeling firm Gauntlet. The unlock will increase the coin's circulating supply by 45%, after its initial launch in January made 200 million coins available, Bloomberg reported. Advertisement The total amount outstanding will reach 1 billion in less than three years. Of those, 800 million were originally locked and held by Trump-linked entities. A larger supply, however, could sink the meme coin's price. Like all meme coins, the $TRUMP token has no intrinsic value. It's based on an image of Trump and tied largely to his popularity – making it vulnerable to sharp swings. Advertisement Its price soared more than 10% last week after Justin Sun, founder of the Tron blockchain and cryptocurrency, vowed to buy $100 million worth of the coin in a post on X. Sun is already the meme coin's top holder. 3 President Trump speaks during a White House luncheon on Monday. AP His Tron network added the meme coin to its supported tokens this month, following a rush of major crypto exchanges that scrambled to take Trump's coin to market earlier this year. Advertisement Sun attended a VIP reception with Trump – where he was gifted a Trump-branded Tourbillon watch – in May when the president hosted an event for the coin's 200 largest holders. The crypto entrepreneur – who was sued by the Securities and Exchange Commission in 2023 – also serves as an adviser to World Liberty Financial, the Trump family's crypto firm. The suit charging Sun with fraud and market manipulation was dropped in February. 3 Donald Trump Jr. speaks during The Bitcoin Conference in Las Vegas in May. AFP via Getty Images The 800 million locked Trump meme coins are owned by CIC Digital LLC and Fight Fight Fight LLC. The $TRUMP token's website does not state how the coins are split between the LLCs. Following this week's unlock, 510 million tokens will be made available over the next two years. An additional 200 million coins will start to become available in January. Cryptocurrency has emerged as a huge moneymaker for the Trump family, adding $620 million to their wealth since Trump won the election in November. Advertisement A White House spokesperson said that Trump's assets are being held in a trust managed by his children while he serves his second term, and maintains that none of his business ventures present a conflict of interest. Trump's sons, Donald Jr. and Eric Trump, who run the family's Trump Organization, are shareholders in crypto miner American Bitcoin, which will be acquired by Gryphon Digital Mining. The new company could be worth more than $4.5 billion, according to Bloomberg.
Yahoo
20 hours ago
- Business
- Yahoo
Crypto Exchange BigONE Confirms $27M Hack, Vows Full User Compensation
Crypto exchange BigONE has confirmed a $27 million breach stemming from a hot wallet exploit on July 16 and states that all user funds will be fully reimbursed. In an official statement, the exchange said it detected 'abnormal movements' tied to a third-party attack and has since identified and contained the vector. All private keys remain secure, and no additional losses are expected. BigONE is working with blockchain security firm SlowMist to track the stolen assets, with fund tracing already underway across Bitcoin, ethereum, Tron, Solana, and BNB Chain, per a release. The stolen tokens span across major and minor assets, including: 120 BTC 350 ETH 9.5B SHIB 7.1M USDT (multi-chain) 538,000 DOGE 1,800 SOL 1 WBTC 20,730 XIN 15.7M CELR 25,487 UNI 16,071 LEO BigONE said user balances are safe, and all losses will be covered in full using a combination of internal reserves (BTC, ETH, SOL, USDT, XIN) and external borrowing to restore liquidity for niche tokens. Deposits and trading are expected to resume within hours, but withdrawals will be delayed until further security reinforcements are complete. 'We sincerely apologize for the impact this incident may have caused,' the team wrote. 'All investigation progress and handling results will be communicated with full transparency.' The incident marks yet another major exchange hack in 2025, pushing total crypto exploit losses beyond $2.1 billion for the while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Axios
2 days ago
- Business
- Axios
Trump gets another chance to sell TRUMP this weekend
This weekend may offer some clues about whether or not President Trump has any regrets about releasing a meme coin just before he took office. Why it matters: Selling 200 million Official Trump (TRUMP) tokens on the Solana blockchain gave him multiple billions in paper wealth nearly instantly, but it has also been fodder for Democrats' cries of corruption, and even skepticism from some industry allies. Driving the news: On Saturday, around $500 million worth of the president's meme coin, Official Trump, will unlock, which means that they could theoretically get dumped on the market, earning millions and millions for the Trump family. What we're watching: Whether or not they actually sell. If they don't, that could be a sign that the first family understands it has paid a high political price for profiting off the president's image. Forty million or so unlocked in April, too, but none of those have been sold. The originating smart contract still holds 80% of the supply. In other words, it's still just 200 million in the wild, even though small amounts unlock every day. None of that new supply has hit the market — yet. All 1 billion Trump tokens will unlock over a three-year period, but it remains to be seen if any more will ever be sold. Yes, but: The team behind the token has not been idle. It just announced the token would go live on the Tron blockchain, which is popular for making small transactions globally, particularly in Asia. Tron's creator, Justin Sun, already one of the biggest holders of Official Trump, announced he would buy another $100 million worth. The White House directed Axios to the Trump Organization for comment, but it did not reply. By the numbers: In May, blockchain intelligence firm Chainalysis estimated that the Trump organization had earned $320 million in trading fees from supplying liquidity in the market for the meme coin. That's besides what was earned on the massive initial sale in January. (Trump has not yet released a financial disclosure covering January 2025.) Reality check: While the president has been an ardent supporter of the digital asset industry since 2024, the money he's made in the industry has created friction for his pro-crypto agenda. Many Democrats, who were otherwise eager to support creating rules for cryptocurrency, objected once it looked like doing so would be profitable for the president. What they're saying: "President Trump should instill public confidence in his administration, and in the integrity of crypto markets, by divesting from this industry," Richard Painter, a University of Minnesota law professor and former chief ethics lawyer in the George W. Bush White House, told the Senate Banking Committee last week. Threat level: The token is down badly from its early highs over $40. It currently trades a little below $10 each. Meme coins grabbed headlines but most of the money has still gone into bitcoin, which represents more than 60% of all the value in the crypto market. The bottom line: If July 19 comes and goes and the original wallet still holds 80% of the total supply, it could be an indication of the complications of Trump's crypto embrace.
Yahoo
3 days ago
- Business
- Yahoo
3 Cryptocurrencies With Sky-High Valuations That Might Not Be Worth the Risk
Hyperliquid is a DeFi platform that provides trading in highly speculative assets, such as perpetual futures contracts. Tron is a Layer 1 blockchain that is actively working to overcome its prior regulatory issues with the SEC. Dogecoin is still just a joke-inspired meme coin, providing little in the way of utility for investors. 10 stocks we like better than Dogecoin › In the crypto market, there's been slim pickings this year. Many top cryptocurrencies are down anywhere from 20% to 50%, and are showing little sign of turning around anytime soon. Aside from Bitcoin (CRYPTO: BTC), it's difficult to find any solid investment prospects. While a few high-flying names have soared in value this year, many of them might not be worth the risk. Let's take a closer look. First up is Hyperliquid (CRYPTO: HYPE). If the ticker symbol for this cryptocurrency doesn't raise a red flag, I don't know what will. Out of seemingly nowhere, Hyperliquid is up 65% for the year, and now ranks as the 11th-largest cryptocurrency in the world, with a staggering $13 billion valuation. While Hyperliquid has been around for several years, the HYPE token only launched in late November 2024. Hyperliquid is primarily a decentralized exchange (DEX) for trading digital assets, and it's built on top of its own proprietary blockchain. This makes Hyperliquid different from other decentralized exchanges, such as Uniswap (CRYPTO: UNI), that are built on top of the Ethereum (CRYPTO: ETH) blockchain. Ethereum is notoriously slow and clunky, and Hyperliquid is not. When trading cryptocurrencies, speed and efficiency matters, so a DEX built on Hyperliquid is more attractive than a DEX built on Ethereum. Add in the fact that Hyperliquid offers trading of perpetual futures contracts, and you can understand its appeal. Here's the problem: The trading of perpetual futures contracts ("perps") is highly restricted within the United States, simply due to the amount of risk they pose. They're fantastic for speculation because you don't have to hold the underlying asset to trade these contracts. And, as the name makes clear, there's no date when they expire. From my perspective, this makes the HYPE token too risky for my liking. Next up is Tron (CRYPTO: TRX), which is up 14% for the year. It now has an impressive $27 billion market cap, making it the 8th-largest cryptocurrency in the world. Tron is an offshore blockchain project founded by Chinese billionaire entrepreneur Justin Sun in 2017. Maybe you recognize the name -- Sun has been in and out of regulatory trouble for years, and some U.S.-based cryptocurrency exchanges won't even let you trade the Tron token as a result. It's just too hot to handle. But here's the thing: The regulatory outlook for Tron has completely changed under the Trump administration. All pending cases against Sun have apparently been paused or dropped entirely. With that out of the way, Sun's blockchain company now has a Nasdaq stock market listing via a reverse merger with a company that manufactures toys for theme parks. Maybe I'm being too skeptical, but regulatory issues don't disappear just like magic. In 2024, Sun provided considerable financial backing for the launch of World Liberty Financial, the crypto venture affiliated with the Trump family. Then, this year, he became one of the biggest buyers of the Official Trump meme coin. He also became an enthusiastic backer of the new stablecoin launched by World Liberty Financial, further solidifying his links to the Trump family. His blockchain company also went public with the help of a Trump-linked bank. If you take into account how quickly the relationship between President Trump and Elon Musk soured, then who's to say that this couldn't also happen with Sun? I'm out on this one. It's just too risky and speculative for me. Speaking of Elon Musk, what about Dogecoin (CRYPTO: DOGE), his favorite meme coin? Despite offering no real value to its users, the joke-inspired Dogecoin somehow still has a $26 billion valuation. At one point this year, it looked like Dogecoin might become an official part of Musk's DOGE (Department of Government Efficiency). But that's not going to happen now. If you've been holding on to your Dogecoin, hoping against hope that it might soar in value once again, it's time to face reality. Dogecoin is down 48% for the year, and it's currently 77% below its all-time high from 2021, when Musk famously appeared on NBC's Saturday Night Live as "The Dogefather." Technically, Dogecoin is no longer at a "sky-high valuation," given its recent losses. But if you take into account the fact that the intrinsic value of any meme coin is zero, then a $26 billion valuation seems sky-high to me. Years from now, I might look back on my current takes on Hyperliquid, Tron, and Dogecoin and deeply regret my skepticism. Maybe these coins will transform some investors into crypto millionaires. For now, though, I'm sticking with high-quality crypto names with proven historical track records. You can buy as much Dogecoin as you want, but I'm sticking with Bitcoin. Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Dogecoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Uniswap Protocol Token. The Motley Fool recommends Hyperliquid. The Motley Fool has a disclosure policy. 3 Cryptocurrencies With Sky-High Valuations That Might Not Be Worth the Risk was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
