Summary
- T3 FCU announced that it has frozen illicit assets worth $250 million just one year after its launch.
- The task force stated that it tracks financial crimes such as money laundering, investment fraud, and terror financing, collaborating with law enforcement agencies around the world.
- T3 FCU revealed plans to expand its activities by recruiting Binance as its first member and launching new programs.
T3 FCU, a public initiative jointly launched by Tron (TRX), Tether (USDT), and TRM Labs, announced that it has frozen $250 million in illicit assets in approximately one year since its establishment.
According to a report by Cointelegraph on the 13th (local time), T3 FCU, a public-private initiative set up to track illegal blockchain transactions, has been working with law enforcement agencies worldwide over the past year to address cases related to money laundering, investment fraud, extortion, terror financing, and other financial crimes, and as a result, has frozen over $250 million in funds.
Additionally, T3 FCU has recruited Binance as its first member, and together they plan to expand the scope of their activities through new programs.
YM Lee
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