Tether, TRON, and TRM Labs freeze $100m worth of criminal crypto
The T3 Financial Crime Unit, a joint effort by Tether, TRON, and TRM Labs, has frozen over $100 million in criminal assets.
Launched in August 2024, the T3 Financial Crime Unit, also known as the T3 FCU, has rapidly become a model for public-private partnerships in blockchain security.
According to a Tether (USDT) release, the unit collaborates with law enforcement agencies worldwide to identify and disrupt criminal networks involved in money laundering, investment fraud, blackmail, and terrorism financing.
These crimes have long been a concern for regulators as digital assets gain mainstream popularity.
“Criminals now have 100 million reasons to think twice before using TRON,” said Justin Sun, founder of…
