T3 Financial Crime Unit Freezes Over USDT 100 Million in Criminal Assets
The T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, Tether, and TRM Labs, has frozen over USDT 100 million in criminal assets globally, marking a significant achievement in combating cryptocurrency-related financial crime.
Established in August 2024, T3 FCU serves as a model for public-private partnerships in blockchain security, collaborating with law enforcement agencies to identify and disrupt criminal networks. The unit has intervened in cases involving money laundering, investment fraud, blackmail, terrorism financing, and other financial crimes.
Justin Sun, founder of TRON, stated that the freezing of criminal assets sends a clear message that using USDT on TRON for illegal activities will result in consequences. The unit has analyzed millions of transactions across five continents, monitoring over USDT 3 billion in total volume, which enhances its ability to identify and disrupt criminal operations in real-time.
Tether CEO Paolo Ardoino emphasized Tether's commitment to preserving the integrity of the financial ecosystem through collaboration with global law enforcement, highlighting the importance of preventing bad actors from exploiting stablecoins like USDT.
Chris Janczewski, head of global investigations at TRM Labs, noted that T3 FCU's effectiveness in working with law enforcement to combat cybercriminals demonstrates the value of public-private partnerships. He mentioned that surpassing USDT 100 million in frozen assets is just the beginning, stressing the need for safety as more lawful users enter the crypto ecosystem.
About TRON
TRON DAO is a community-governed organization focused on advancing internet decentralization through blockchain technology and decentralized applications (dApps). Founded by H.E. Justin Sun in September 2017, TRON has seen substantial growth since its MainNet launch in May 2018. Previously, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $60 billion. By December 2024, TRON recorded over 280 million user accounts, more than 9.2 billion transactions, and over $21.4 billion in total value locked (TVL), according to TRONSCAN.
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