TRM Labs warns crypto scammers are targeting FIFA World Cup fans with fake ticketing sites, fixed-match betting, and event-themed promotions. The FBI and FIFA have also issued warnings about fraudulent websites and unofficial ticket sales ahead of the 2026 tournament.
Prediction markets generated $36.6 billion in volume in Q1 2026, surpassing onchain gambling's $14 billion, according to TRM Labs. Both sectors showed resilience during a crypto market correction.
Tether, TRON, and TRM Labs have frozen nearly $450 million in crypto assets linked to illegal activities through their T3 Financial Crime Unit. The unit, established in 2024, has collaborated with law enforcement in 23 jurisdictions, aiding investigations into various crimes including exchange hacks and North Korea-linked activities.
A joint financial crimes unit by Tether, Tron, and TRM Labs has frozen over $450 million in illicit crypto assets since its launch, targeting crimes like drug trafficking, terrorist financing, and hacks, amid a surge in crypto-related financial crimes.
Global crypto adoption declined in Q1 with retail volumes falling 11% year-over-year to $979 billion, marking the second consecutive quarterly contraction and sharpest pullback since the 2022 bear market. The decline was driven by a stronger US dollar, higher interest rates and a risk-off environment, coinciding with Bitcoin's 22% price drop from its late-2025 peak above $126,000. Advanced economies including the US, South Korea, UK and Germany posted steepest declines, while Turkey, Latin America and South Asia showed resilience.
