T3 Financial Crime Unit Freezes $300 Million in Illicit Funds in First Year
Formed by Tether, Tron, and TRM Labs in September 2024, T3 has frozen over $300 million in criminal assets through global cooperation with law enforcement agencies.
The T3 Financial Crime Unit, established in September 2024 by Tether, Tron, and TRM Labs, has frozen more than $300 million in illicit assets worldwide. The initiative works with over 280 law enforcement agencies across multiple continents to target crypto-related money laundering and fraud. Key operations include disrupting pig-butchering scams, dismantling organized crime networks, and collaborating with Binance to freeze $6 million from scam accounts. Brazil’s Federal Police recognized T3’s contribution during Operation Lusocoin, underscoring the unit’s growing role in international blockchain security.
- T3 Financial Crime Unit: A collaborative initiative by Tether, Tron, and TRM Labs focused on combating illegal activities involving blockchain technology and digital assets.
- Illicit Funds Freezing: Legal measures to immobilize assets connected to unlawful activities to prevent transfer or use.
- Pig-butchering Scams: A type of long-term fraud where perpetrators build trust with victims before manipulating them into fraudulent investments.