The T3 Financial Crimes Unit (FCU), led by the stablecoin issuer Tether, the Tron network, and TRM Labs, collectively froze 126 million dollars in USDt

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0.9723 €

since the establishment of the FCU in August 2024.

The FCU collaborates with law enforcement agencies worldwide to freeze illicit transactions; in 2024, it monitored approximately USD 3,000 million in USDt transaction volume.

According to the group, money laundering accounted for nearly half of the frozen funds, with USD 56 million. The second most significant category of frozen assets was USD 36 million in funds used in investment scams.

Despite the potential to return stolen assets to scam victims and deter violent crimes, asset freezing and financial surveillance have become controversial topics in the cryptocurrency community.

Decentralization and privacy maximalists argue that centrally managed cryptocurrencies pose a significant threat to autonomy and create the possibility of financial censorship by governments and large corporations.