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T3 Financial Crime Unit Launches Global 'T3+' Program, Freezing Over $250M in Criminal Assets

The T3+ program enhances global public-private cooperation against blockchain crime, marked by Binance joining as the first member and its active role in freezing illicit funds in a notable case.

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Summary

PANews reported on August 12th that Binance announced joining the T3+ program, a collaborative initiative by TRON, Tether, and TRM Labs to combat blockchain crime. Since its launch in September 2024, the T3 FCU has frozen over $250 million in illicit assets, including nearly $6 million from a pig-killing scam. Binance’s Head of Global Financial Intelligence affirmed their commitment to fostering a secure crypto ecosystem.

Terms & Concepts
  • Asset Freezing: A regulatory measure that immobilizes funds linked to criminal activities to prevent further financial transactions.
  • Binance: A leading cryptocurrency exchange known for its global presence and active role in compliance and security within the crypto ecosystem.
  • T3+ Program: A global initiative launched by the T3 Financial Crimes Unit to foster collaboration between public and private sectors in combating illicit blockchain activities.