Tether·Tron·TRM Labs joint financial crime unit freezes $300 million one year after launch

Son Min

Summary

Tether, Tron, and TRM Labs-established T3 Financial Crime Unit said it froze $300 million in illicit funds one year after its launch.
The T3 unit said it is regarded as a new model for blockchain security through monitoring illicit stablecoin transactions and international joint investigations.
The Tether CEO noted the company is dedicated to maintaining the integrity of the financial ecosystem by cooperating with more than 280 law enforcement agencies worldwide.

The virtual asset (cryptocurrency) crime response body 'T3 Financial Crime Unit', jointly established by Tether, Tron and TRM Labs, froze a total of $300 million in illicit funds one year after its launch.

According to CoinDesk on the 31st (local time), the T3 unit froze a total of $300 million in illicit funds within one year of its launch.

The T3 unit is a privately led investigative organization established by Tether, Tron and blockchain analytics firm TRM Labs at the end of 2024 to eradicate illicit stablecoin transactions on the Tron network. Since its launch, it has participated in tracking illicit funds and international cooperative investigations and is being regarded as a new model for blockchain security.

The T3 unit monitors movements of criminal funds related to Tether (USDT) in real time and has uncovered 'Pig Butchering' scams and money laundering cases involving European organized crime networks. Recently, it played a key role in 'Operation Lusocoin', a large-scale money laundering crackdown led by the Brazilian Federal Police, and was recognized for its contribution.

Paolo Ardoino, CEO of Tether, said, "Tether is committed to maintaining the integrity of the financial ecosystem by cooperating with more than 280 law enforcement agencies worldwide."

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