Tether, TRON and TRM Labs-backed T3 Financial Crime Unit tops $450 million in frozen illicit crypto assets
The T3 Financial Crime Unit, a collaboration between Tether, TRON, and TRM Labs, has frozen over $450 million in illicit cryptocurrency since 2024.Summary
The T3 Financial Crime Unit (T3 FCU), a partnership between Tether, TRON, and TRM Labs, has successfully frozen more than $450 million in illicit crypto assets globally since its 2024 launch. Working with law enforcement in 23 jurisdictions, the unit facilitates rapid asset freezes, often within 24 hours of a request, to combat crimes including exchange hacks, terrorist financing, and violent incidents like kidnappings.
Tether CEO Paolo Ardoino highlighted the milestone as a key step in increasing blockchain trust. The initiative has supported significant international operations, such as Brazil's Operation Lusocoin, and earned recognition from the Financial Action Task Force as a vital resource for global law enforcement against rising illicit crypto activities.
(Source：The Block)