Tether, TRON, and TRM Labs freeze $100m worth of criminal crypto

The T3 Financial Crime Unit, a joint effort of Tether, TRON and TRM Labs, has frozen over $100 million in criminal assets.

Launched in August 2024, the T3 Financial Crime Unit, also known as the T3 FCU, has quickly become a model for public-private partnerships in blockchain security.

According to a Tether (USDT) statement, the unit collaborates with law enforcement agencies worldwide to detect and disrupt criminal networks related to money laundering, investment fraud, racketeering and terrorist financing.

These crimes have long been a concern for regulators as digital assets gain mainstream popularity.

“Criminals now have 100 million reasons to think twice before using TRON,” said TRON blockchain founder Justin Sun. “T3 FCU’s rapid success in freezing criminal assets sends a clear message: if you are using USDT on TRON for crime, you will be caught.”

T3 Financial Crime Unit

T3 Financial Crime Unit has begun collaborating on combating USDT-related illegal activities on the TRON blockchain. T3 FCU analyzes millions of transactions across five continents by tracking transactions on the TRON (TRX) blockchain.

In total, T3 FCU has reviewed more than $3 billion USDT transactions. This comprehensive monitoring allows the unit to detect suspicious activity and freeze criminal assets in real time.

“By working closely with authorities in different regions, Tether has been effective in freezing criminal assets and ensuring bad actors cannot take advantage of stablecoins like USDT,” said Tether CEO Paolo Ardoino.