
T3 Financial Crime Unit Unleashes “T3+” Global Collaborator Program, Secures Major Victory with Over $250 Million in Criminal Assets Frozen
The T3 Financial Crime Unit (T3 FCU) has announced the launch of its “T3+” global collaborator program, a groundbreaking initiative aimed at combating illicit activities on the blockchain. The program’s inaugural member is Binance, a leading global blockchain ecosystem and registered user base exceeding 280 million individuals in over 100 countries.
As part of this historic partnership, T3 FCU has already achieved a significant milestone – freezing over $250 million USD in criminal assets globally. This impressive feat was accomplished through a coordinated effort with Binance via the “T3+” program to thwart a pig butchering scam.
T3 FCU’s groundbreaking achievement is a testament to its commitment to working closely with law enforcement agencies worldwide to identify and disrupt criminal networks, thereby fostering a safer blockchain environment for users. With over $3 billion USD in total transaction volume monitored across five continents, the unit has established itself as a valuable resource for global financial crime prevention.
The “T3+” program takes this collaboration a step further by facilitating real-time exchange of information between public and private sectors, enabling swift action against illicit activities, and aligning with international standards to combat financial crime. As the first partner in this initiative, Binance demonstrates its dedication to building an inclusive crypto ecosystem that prioritizes security, transparency, and user trust.
The T3 Financial Crime Unit is a joint endeavor by TRON, Tether, and TRM Labs, established in September 2024. Since inception, the unit has frozen over $250 million in criminal assets, successfully disrupted criminal networks, and showcased the effectiveness of industry-wide collaboration to combat financial crime while supporting blockchain innovation.
In its first year, T3 FCU has made significant strides in disrupting illicit activities on the blockchain. With the launch of “T3+”, the organization aims to expand this public-private partnership across the entire ecosystem, harnessing collective resources and expertise to achieve unparalleled results.
As Paolo Ardoino, CEO of Tether, emphasizes, “Freezing over $250 million in criminal assets is a powerful testament to what’s possible when industry leaders unite for a shared goal. At Tether, we’ve consistently backed this conviction with action, working closely with global law enforcement agencies to monitor transactions and disrupt illicit activities.”
Justin Sun, Founder of TRON, concurs, “With the launch of ‘T3+’, we’re expanding the scope of collaboration across the blockchain industry to better address illicit activity in real-time. Surpassing $250 million in frozen criminal assets is a clear demonstration of what’s possible when public and private sectors unite.”
This bold endeavor will undoubtedly have far-reaching implications for the global crypto landscape, underscoring the pivotal role that collective action can play in fostering trust, transparency, and accountability within the blockchain sector.
About T3 Financial Crime Unit
T3 FCU is a joint initiative by TRON, Tether, and TRM Labs, established in September 2024.
Source: cryptobriefing.com