In brief
- Tether, Tron, and TRM Labs’ joint T3 Financial Crime Unit has frozen over $450 million in illicit crypto assets since launching in September 2024.
- The unit said it intercepted nearly 44% more illicit proceeds in 2025 than the prior year, targeting crimes ranging from terrorist financing and drug trafficking to violent crimes like kidnapping and extortion.
- The crackdown comes as global illicit crypto flows hit a record $158 billion last year, per TRM Labs.
A financial crimes unit formed by three major cryptocurrency firms announced Thursday that it has frozen more than $450 million in illicit digital assets since launching less than two years ago, as the broader problem of criminal activity in the crypto sector reaches…
