T3 FCU Task Force Freezes $300M in Illicit Crypto Assets

The T3 Financial Crime Unit, a task force by Tether, Tron, and TRM Labs, has frozen over $300 million in illicit funds in its first year. This effort highlights the crypto industry's capability to self-regulate.

Launched in late 2024 to combat illicit activities on the Tron blockchain.
Assisted law enforcement in 23 jurisdictions globally.
The U.S. led with $83 million in frozen assets, covering 27% of total cases.

A Year of Rapid Progress for T3 FCU

T3 had frozen $100 million by January 2025, including $3 million linked to North Korean hackers.
By August, frozen assets reached $250 million, aided by the T3+ Global Collaborator Program.
Binance participated, helping freeze $6 million from a scam.
Efforts disrupted scams causing $9.9 billion losses in 2024.
Tackled organized crime and cyber-enabled financial fraud.
Praised by Brazil’s Federal Police for contributions to a money-laundering operation.

Blockchain Crime Still a Challenge

Chainalysis reported over $75 billion tied to illicit activity, with Bitcoin accounting for 75%.
Unlawful crypto transactions were only 0.14% of all transactions in 2024.
This is significantly lower compared to conventional systems laundering 2-5% of global GDP.