The joint action since September 2024 highlights growing cooperation between stablecoin issuers, blockchain networks and blockchain intelligence firms to disrupt criminal crypto activity.
Tether, TRON and TRM Labs have frozen more than 70 billion yen in illicit assets since September 2024, according to the provided information. The effort points to coordinated enforcement across a stablecoin issuer, a public blockchain network and a blockchain intelligence company. In the crypto market, asset freezes are typically used to block the movement of funds tied to suspected criminal activity, helping contain losses and support investigations.