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T3 Financial Crime Unit Says It Has Frozen More Than $300 Million in Illicit Crypto

The private coalition is pitching its framework to Europol as a template for public–private seizures.

Overview

  • Formed by Tether, the TRON network and TRM Labs in late 2024, the task force has evolved from a Tron‑focused effort into a global model.
  • The unit reports assistance to law enforcement in 23 jurisdictions, with the U.S. accounting for $83 million across 37 cases.
  • In Brazil’s Operation Lusocoin, authorities seized over R$3 billion, including 4.3 million USDT linked to a money‑laundering ring.
  • Its T3+ Global Collaborator Program launched in August brought exchanges into real‑time coordination, with Binance helping freeze $6 million from a pig‑butchering scam.
  • Casework spans illicit goods, fraud and major hacks, including a reported $19 million seizure tied to DPRK involvement in the Bybit breach.