KEY TAKEAWAYS
- The T3 Financial Crime Unit, a collaboration between Tether, TRON, and TRM Labs, has frozen over $100 million in criminal assets since its launch in August 2024.
- This unit has become a model for public-private partnerships in the blockchain sector, working closely with global law enforcement to combat financial crimes.
- Justin Sun and Paolo Ardoino emphasize the unit’s success in enhancing blockchain security and maintaining the integrity of the financial ecosystem.
- The T3 FCU’s achievements highlight the importance of collaboration in setting new standards for transparency and accountability in the digital asset space.
On January 2, 2025, the T3 Financial Crime Unit (T3 FCU), a collaboration between Tether, TRON, and TRM Labs, announced a significant milestone in its efforts to combat cryptocurrency-related financial crime. Since its launch in August 2024, the unit has frozen more than $100 million in criminal assets worldwide, marking a major achievement in its mission to enhance blockchain security.
The T3 FCU has rapidly become a model for public-private partnerships in the blockchain sector, working closely with law enforcement agencies across the globe. The unit’s efforts have successfully intervened in cases involving money laundering, investment fraud, blackmail operations, terrorism financing, and other serious financial crimes.
Justin Sun, founder of the TRON blockchain, emphasized the impact of T3 FCU’s work, stating, “Criminals now have 100 million reasons to think twice before using TRON.” He added that the unit’s success in freezing criminal assets sends a clear message to those using USDT on TRON for illicit activities.
The unit has analyzed millions of transactions across five continents, monitoring over USDT 3 billion in total volume. This extensive monitoring capability allows T3 FCU to identify and disrupt criminal operations in real-time, providing invaluable support to law enforcement agencies worldwide.
Paolo Ardoino, CEO of Tether, highlighted the company’s commitment to maintaining the integrity of the financial ecosystem. He noted that Tether’s proactive collaboration with global law enforcement has been crucial in freezing criminal assets and preventing the exploitation of stablecoins like USDT.
Chris Janczewski, head of global investigations at TRM Labs, described T3 FCU’s achievements as a proof of concept for public-private partnerships. He stated that surpassing USDT 100 million in frozen assets is just the beginning, emphasizing the importance of keeping the growing crypto ecosystem safe as more lawful users enter the space.
The T3 FCU’s success demonstrates the transformative power of collaboration in setting new standards for transparency, security, and accountability in the digital asset space. More details about this achievement can be found here.
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