Global Efforts Against Financial Crime: Public-Private Partnerships Achieve Impressive Results

T3 Financial Crime Unit Launches “T3+” Global Collaborator Program; Over $250 Million in Criminal Assets Frozen As Binance Becomes First Member

Singapore – The T3 Financial Crime Unit (T3 FCU), a joint initiative by TRON, Tether, and TRM Labs, has officially launched the “T3+” global collaborator program. This new initiative aims to expand public-private collaboration to combat illicit activities on the blockchain. Binance has joined as the program’s first official member.

This milestone marks a significant achievement for the T3 FCU, which has achieved impressive results in less than a year since its inception. According to recent figures, over $250 million in criminal assets have been frozen globally, with nearly $6 million of that amount being successfully coordinated with Binance via T3+ to thwart the proceeds of a pig butchering scam.

As the world’s largest cryptocurrency exchange by trading volume and registered users, Binance’s inclusion in the T3+ program represents a crucial step towards strengthening compliance standards and addressing illicit finance risks within the digital asset ecosystem. The collaboration enables real-time intervention and cooperation between law enforcement agencies worldwide, further solidifying T3 FCU as an invaluable resource for investigators.

Paolo Ardoino, CEO of Tether, praised the accomplishment, stating that “freezing over $250 million in criminal assets in less than a year is a powerful testament to what’s possible when the industry comes together with a shared goal.” He emphasized that through this collaborative effort, the industry can build a safer and more trusted environment for users worldwide.

Justin Sun, Founder of TRON, elaborated on the program’s objectives. “With the launch of T3+, we’re expanding the scope of collaboration across the blockchain industry to better address illicit activity in real-time,” he said. “Freezing over $250 million in criminal assets in under a year is a clear demonstration of what’s possible when the public and private sectors work together. Our goal is to make crypto safe and trusted for users worldwide.”

Chris Janczewski, Head of Global Investigations at TRM Labs, also weighed in on the development. “Surpassing $250 million in frozen illicit assets represents more than just a milestone – it reaffirms T3 FCU’s expanding impact in disrupting illicit finance worldwide,” he explained. “Through close collaboration with law enforcement across jurisdictions, we’re validating T3 FCU’s ability to scale and demonstrating the potential for novel public-private partnerships.”

Nils Andersen-Röed, Global Head of Financial Intelligence at Binance, emphasized the importance of cooperation between industry partners and law enforcement agencies. “Collaboration is essential to ensuring blockchain’s long-term success and credibility,” he emphasized. “We’re proud to support initiatives like T3 FCU that help ensure the safety and integrity of blockchain networks and crypto assets.”

In related news, the T3 FCU has also achieved significant results in its short lifespan. Since its inception in September 2024, the unit has worked closely with law enforcement agencies worldwide to identify and disrupt criminal networks. Over the past year, it has analyzed millions of transactions across five continents, monitoring over $3 billion in total volume.

The T3 FCU aims to create a safer environment for users by leveraging cutting-edge blockchain intelligence solutions from TRM Labs and the collaboration provided by Binance as the first official member.

Source: cryptobriefing.com