A new team is making a big impact on crypto crime. The T3 Financial Crime Unit (T3 FCU), a partnership between Tether, TRON, and TRM Labs, has frozen over $100 million in criminal assets globally.
Taking Down Crypto Criminals
Launched in August 2024, the T3 FCU is a unique collaboration between a stablecoin company, a blockchain network, and a blockchain intelligence firm. They’re working with law enforcement to fight financial crimes like money laundering, investment fraud, blackmail, and terrorism financing. They’ve tracked millions of transactions across five continents, totaling over $3 billion in Tether (USDT).
A Strong Message to Criminals
Justin Sun, the founder of TRON, says this sends a clear message: “Criminals now have 100 million reasons to think twice before using TRON.” He’s confident that using USDT on TRON for illegal activities will lead to getting caught.
Commitment to Financial Integrity
Tether’s CEO, Paolo Ardoino, emphasized the company’s dedication to keeping the financial system clean. He highlighted Tether’s close work with global law enforcement to freeze criminal assets and prevent misuse of USDT.
Chris Janczewski, head of global investigations at TRM Labs, sees the T3 FCU as a model for future public-private partnerships. He believes their success in freezing over $100 million is just the beginning, and that this kind of collaboration is crucial as more people use crypto.
The Future of Crypto Security
The T3 FCU shows how much public-private partnerships can improve security in the crypto world. By working closely with law enforcement around the globe, they’re setting a new standard for transparency and accountability in crypto transactions.
