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yesterday

T3 Financial Crime Unit Freezes $250 Million in Illicit Crypto and Launches T3+ with Binance

T3+ will bring major exchanges into a real-time network to fast-track cross-border crypto crime investigations.

Tether, tron backed t3 financial crime unit has frozen $250m of criminal assets in a year
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Overview

  • Launched by TRON, Tether and TRM Labs in September 2024, T3 FCU has worked with law enforcement across five continents to freeze over $250 million in assets tied to laundering, scams, hacks and terrorism financing.
  • Binance has become the first official T3+ member and immediately joined a coordinated effort to freeze nearly $6 million linked to a pig butchering scam.
  • TRM Labs’ blockchain analytics have enabled the unit to monitor more than $3 billion in transaction volume and pinpoint illicit fund flows in real time.
  • T3+ is designed to integrate exchanges and financial institutions into a continuous collaboration network to accelerate cross-border investigations and interventions.
  • The initiative reflects growing industry and regulatory pressure for public-private cooperation to strengthen compliance and dismantle global crypto crime networks.