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Tether- and Tron-Backed T3 Unit Says It Has Frozen $300 Million in Illicit Crypto

The industry-led task force coordinates with exchanges alongside law enforcement across 23 jurisdictions.

Overview

  • T3 reports surpassing $300 million in frozen assets within its first year, with investigations spanning five continents.
  • Brazil’s Federal Police credited the unit for its role in Operation Lusocoin, which froze assets exceeding R$3 billion, including 4.3 million USDT.
  • The United States accounted for the largest share of activity, with $83 million frozen across 37 cases, according to Tether.
  • The T3+ program began onboarding exchanges such as Binance for real-time coordination, producing actions like a $6 million pig-butchering freeze.
  • The caseload focuses on scams, illicit goods trade, and hacks, including a $19 million DPRK-linked Bybit transfer, and T3 notes rising “wrench attacks.”