T3 Financial Crime Unit Freezes $300 Million in Assets

The T3 Financial Crime Unit, a task force supported by Tron, Tether, and TRM Labs, has successfully frozen $300 million in tainted funds within its first year of operation. This initiative showcases the potential for self-policing within the stablecoin industry and has garnered commendations from international law enforcement agencies. Since launching in September 2024, T3 has conducted significant actions against illicit activities, including freezing $3 million linked to North Korean networks. The unit's T3+ Global Collaborator Program has facilitated real-time coordination between exchanges and law enforcement, leading to the freezing of funds related to scams such as the pig-butchering scheme. The operations of T3 span five continents, reflecting a global commitment to enhancing blockchain security and compliance. Paolo Ardoino, CEO of Tether, emphasized the importance of integrity in the financial ecosystem through partnerships with over 280 law enforcement agencies worldwide.

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