The T3 Financial Crime Unit, a joint initiative between Tether, TRON and TRM Labs, has frozen over $100 million in criminal assets.
Founded in August 2024, the T3 Financial Crime Unit, also known as T3 FCU, has quickly become a model for public-private partnerships in blockchain security.
According to a press release from Tether (USDT), the unit works with law enforcement agencies worldwide to identify and dismantle criminal networks involved in money laundering, investment fraud, extortion and terrorist financing.
These crimes have long been a concern for regulators as digital assets become increasingly popular.
“Criminals now have 100 million reasons to think twice before using TRON,” said Justin Sun, founder of the TRON blockchain. “T3 FCU’s rapid success in freezing criminal assets sends an unmistakable message: if you use USDT on TRON for crime, you will be caught.”
T3 Financial Crimes Unit
The T3 Financial Crime Unit was created to work together to combat illegal activities related to USDT on the TRON blockchain. The T3 FCU monitors transactions on the TRON (TRX) blockchain and analyzes millions of transactions across five continents.
In total, the T3 FCU has audited more than $3 billion worth of 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 all jurisdictions, Tether has been instrumental in freezing criminal assets and ensuring that bad actors do not exploit stablecoins like USDT,” said Tether CEO Paolo Ardoino.
