Money laundering funds are locked!!! Tron and Tether freeze 100 million USDT, and industry regulation is upgraded again
Since its establishment in September, Tron's T3 financial crime unit has worked with Tether and TRM Labs to successfully freeze $100 million in illegal USDT, demonstrating the crypto industry's proactive actions in combating financial crime. The T3 unit focuses on identifying transactions related to illegal activities such as money laundering, fraud, and terrorist financing, and uses TRM Labs' blockchain intelligence tools to analyze more than $3 billion in USDT transactions worldwide. Through this effort, criminal patterns were revealed, especially $3 million in USDT transactions related to North Korea, suspected of raising funds for the regime.
This collaboration not only highlights the huge scale of the Tron network in terms of USDT circulation (second only to Ethereum), but also reminds us of the importance of regulation and transparency in the cryptocurrency market. As the regulatory framework continues to strengthen in 2024, initiatives to combat money laundering, hacking, and other illegal activities will continue to increase.
The challenges facing the industry remain huge, but Tron's proactive actions set a good example for the cryptocurrency industry. Follow Mr. Qiu to gain real-time insights into market trends and grasp the pulse of the industry!
