🚨 Tether, Tron and TRM Labs join forces to fight cryptocurrency crime, freezing over $100 million in illegal assets worldwide
The three giants of the crypto industry, Tether (stablecoin giant), Tron (blockchain pioneer) and TRM Labs (blockchain intelligence expert), jointly established the T3 Financial Crime Unit (T3 FCU). The unit has achieved amazing results in just a few months, freezing over $100 million in criminal funds worldwide!
The team was launched in August 2024 and quickly became a leader in blockchain security, working with global law enforcement agencies to combat crimes such as money laundering, investment fraud, extortion and terrorist financing.
According to reports, T3 FCU used high-tech technology to monitor millions of transactions across five continents around the world, involving a total of more than $3 billion in USDT (Tether's stablecoin).
Tron founder Justin Sun recognized the measures taken by T3 FCU and pointed out that for criminals who are considering conducting illegal activities on the Tron blockchain, there are now 100 million reasons to think twice before using it. T3 FCU's swift action sends a clear warning that if you use USDT on Tron to commit crimes, you will have nowhere to hide!
Paolo Ardoino, CEO of Tether, reiterated their determination to maintain the integrity of the financial ecosystem. He said that Tether works with global law enforcement agencies to ensure that criminals do not use stablecoins such as USDT for criminal activities.
Chris Janczewski, global head of investigations at TRM Labs, also joined the discussion. He believes that the success of T3 FCU is a model of public-private cooperation. He said that T3 FCU's cooperation with global law enforcement agencies has effectively prevented cybercriminals from using USDT on Tron, and this is just the beginning.
In summary, with the continuous increase in legitimate users in the crypto field, it has become crucial to ensure the security of assets. The actions of T3 FCU not only demonstrate the great potential of public-private cooperation in improving the security and responsibility of digital assets, but also through close collaboration with global law enforcement agencies, it will redefine the transparency and operational integrity standards of cryptocurrency transactions.
Finally, let us look forward to T3 FCU's positive actions in the future to effectively protect the security of our cryptocurrencies!
