Trump crypto venture partners with platform linked to Middle East militants

Sub : Sci

Sec: Awareness in IT and Computer

Context:

A new crypto venture involving Donald Trump and his West Asia envoy, billionaire Steve Witkoff, has raised ethical concerns.
The venture, named World Liberty Financial Inc., has partnered with the Tron crypto platform, which has raised concerns due to its associations with criminal groups and militant organizations like Hamas and Hezbollah.
Israeli authorities have seized numerous Tron wallets tied to Hamas and Hezbollah.

Tron crypto:

Tron is a blockchain platform created by Justin Sun in 2017, that enables faster and cheaper transactions compared to Bitcoin.
The cryptocurrency native to the blockchain is known as Tronix (TRX).
It has increasingly been used for crypto transfers by organizations designated as terrorist groups by Israel, the US and other nations.
Tron’s popularity among such groups stems from its ability to conceal users’ identities, charge low transaction fees, and facilitate easy conversion of funds into cash.