T3 Financial Crime Unit Freezes Over $250 Million in Criminal Assets
The T3 Financial Crime Unit, a collaboration among Tron, Tether, and TRM Labs, has frozen over $250 million in criminal assets within its first year.
- The unit was established in September 2024.
- It collaborates with law enforcement agencies across five continents to combat money laundering, scams, hacks, and terrorism financing.
- T3 has monitored transactions exceeding $3 billion and facilitated significant seizures linked to various crimes.
- “T3+,” a new initiative, aims to enhance cross-border investigations by involving exchanges and financial institutions in real-time enforcement.
- Binance is the first participant in T3+, having assisted in freezing nearly $6 million related to a pig butchering scam.