New crypto front Tron emerges in Israel’s militant financing fight

A new front has emerged in Israel’s fight against the funding of Iran-backed militant groups from Hamas to Hezbollah – a fast-growing crypto network called Tron.

Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organisations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.