T3 Financial Crime Unit Seizes $100 Million in Illicit Proceeds

Forex - The T3 Financial Crimes Unit (T3 FCU), established through a collaboration between Tether, TRON, and TRM Labs, has seized over $100 million in illicit proceeds in the fight against crypto-related financial crimes worldwide.

The T3 Financial Crimes Unit (FCU), which seized more than $100 million in illicit proceeds, was established in August 2024 and operates as a model where public and private sectors work together in blockchain security. The unit focuses on identifying and preventing criminal organizations by collaborating with law enforcement agencies globally to combat financial crimes such as money laundering, fraud, extortion, and terrorism financing.

Justin Sun, founder of the TRON blockchain, emphasized the unit's rapid success in freezing criminal assets, stating, "There are now 100 million reasons for criminals to think twice before using TRON. If you are using USDT on TRON for illicit purposes, the risk of getting caught is very high."

The unit has tracked a total volume of 3 billion USDT by examining millions of transactions across five continents. Thanks to this monitoring capability, the T3 Financial Crimes Unit can detect and intervene in cross-border criminal operations in real time, making it a significant support for global law enforcement.

"We are demonstrating the power of collaboration for transparency and security in digital assets," said Tether CEO Paolo Ardoino regarding the collaboration. "Tether is deeply committed to proactively working with global law enforcement to safeguard the integrity of the financial ecosystem. By closely working with authorities in different jurisdictions, we play an important role in freezing criminal assets and preventing bad actors from misusing stablecoins like USDT. Together with our partners at T3, we have proven the transformative power of collaboration in setting new standards for transparency, security, and accountability in the digital asset space."

Chris Janczewski, Global Investigations Director at TRM Labs, stated, "The T3 Financial Crimes Unit's ability to effectively prevent cybercriminals from using USDT on TRON by working closely with law enforcement agencies around the world is a proof of concept for public-private partnerships. Freezing over 100 million USDT is just the beginning. As more legitimate users enter the crypto ecosystem in 2025 and beyond, keeping this space secure becomes more important than ever."