Recently, global authoritative media such as Forbes, CoinDesk, Cointelegraph, Benzinga and TheBlock have focused on an important cooperation - TRON, Tether and TRM Labs, a leader in blockchain intelligence, jointly announced the establishment of the T3 Financial Crimes Strike Team (T3 FCU), which aims to crack down on illegal activities involving USDT on the TRON network. This move not only demonstrates the cryptocurrency industry's positive attitude in preventing on-chain financial crimes, but also sets a new benchmark for the compliance development of the entire industry.

The establishment of T3 FCU is a direct response to the growing financial crime risks in the current blockchain field. As one of the world's largest stablecoins, USDT has a total market value of more than $118 billion, and more than half of USDT is circulated on the TRON network. This huge market size and convenience have undoubtedly attracted the attention of criminals. Therefore, T3 FCU's task is particularly arduous, but also crucial.

Since its launch in July, T3 FCU has acted quickly to identify and flag suspicious activity using TRM Labs’ advanced blockchain intelligence technology, while TRON and Tether teams have worked closely together to take decisive action based on the intelligence. To date, the team has successfully frozen more than $12 million in USDT related to fraudulent activities, involving various forms of crime such as extortion and fraud, across three continents. In addition, 11 victims have been confirmed, and more victims are expected to be rescued as the investigation deepens.

Justin Sun, founder of TRON, said: “TRON has always been committed to the idea of ​​using technology for good and hopes that technology can benefit everyone in the world. TRON hopes to work with TRM Labs and Tether to ensure that blockchain technology is properly applied. At the same time, we must also send a clear signal that illegal activities have no place in the blockchain industry.”

Chris Janczewski, TRM’s global head of investigations, also stressed the importance of international collaboration: “The first three operations that we’ve had successful responses to involved agencies in the UK, US and Australia. So we’ve seen that in many of these cases, a global effort is required, and I think people coming together to help is going to have a huge impact in the months and years ahead.”

Paolo Ardoino, CEO of Tether, praised the efficient operation of T3 FCU: "It only takes a few minutes to freeze assets on the blockchain. Imagine someone stealing money from a bank and transferring it to different jurisdictions. It takes a long time to resolve this issue through traditional judicial channels. The T3 group is an example of a three-party collaboration, where blockchain analysis companies, blockchain developers, and stablecoin issuers join forces to create an alliance that will focus on blockchain security and reduce the delay between when we receive the first piece of information and when we execute the action. This is simply not possible in the traditional international financial system."

The strong alliance between TRON, Tether and TRM Labs not only provides a powerful weapon to combat blockchain financial crimes, but also injects new impetus into the healthy development of blockchain technology. With the in-depth operation of T3 FCU, we have reason to believe that the future blockchain ecosystem will be more secure and compliant, creating a more reliable and trustworthy environment for users.