According to PANews on January 2, CoinDesk reported that the T3 Financial Crime Unit (T3 FCU), established by Tether, TRON, and TRM Labs since its inception in September 2024, has frozen a total of 100 million USDT used by illegal actors.
T3 involves TRM Labs using its blockchain intelligence and monitoring tools to help Tron and Tether identify and freeze USDT associated with illegal activities. The USDT issued on the Tron blockchain is close to $60 billion, making it the second-largest issuance after Ethereum, which has slightly more than $75 billion.
Chris Janczewski, head of global investigations at TRM Labs, stated that money laundering services are the largest source of frozen funds; investment fraud, illegal drugs, terrorism financing, ransomware scams, hacking, exploitation, and even violent crimes have also become targets. Up to $3 million of the frozen USDT is related to North Korea, which has been actively trying to infiltrate crypto projects to raise funds for the regime. The U.S. Treasury announced in December that it had shut down North Korea's money laundering network.
