T3 Financial Crime Unit Aids Spain in Freezing $26.4 Million in Crypto
Spanish authorities credited the T3 Financial Crime Unit, comprising Tron, Tether, and TRM Labs, for dismantling a multinational European financial crime syndicate.
- The syndicate provided cash-to-crypto laundering services across Europe.
- T3 seized $26.4 million, marking the largest coordinated freeze since its inception last year.
- To date, T3 has frozen a total of $126 million.
- Authorities utilized police surveillance and VASP Know Your Customer (KYC) records to identify the syndicate.
- Tether collaborated with over 220 law enforcement agencies, freezing more than 2,400 addresses totaling nearly 2.2 billion USDT.
- The organized crime group predominantly consisted of Ukrainian nationals, alongside individuals from Armenia, Azerbaijan, and Kazakhstan.