T3 Financial Crime Unit reports $300 million in frozen assets connected to illegal activities

The T3 Financial Crime Unit (T3 FCU), a public-private task force backed by the stablecoin issuer Tether Limited, reported freezing illegal funds worth $300 million during its first year of ￰0￱ this move, international law enforcement acknowledged that the task force had done its job well. Additionally, the achievement demonstrates that the stablecoin industry can effectively ￰1￱ to TRON founder Justin Sun, the T3 Financial Crime Unit’s $300 million milestone is proof that progress happens when technology, institutions, and people work as a ￰2￱ noted that by building trust and cooperation across borders, it is possible to make the digital economy safer and more accessible for ￰3￱ T3 Financial Crime Unit focuses on various illegal financial activities Regarding the T3 Financial Crime Unit’s accomplishment , sources revealed that the task force achieved this milestone after working directly with law enforcement in 23 areas, including a crucial role in Brazil’s major Operation ￰4￱ reporters reached out to Tether for further information, the company stated that the unit focuses on various illegal finance activities such as state-sponsored hacks, violent “wrench attacks,” and organized crime ￰5￱ support this claim, reports revealed that the unit in Brazil assisted in Operation Lusocoin, resulting in the freezing of more than R$3 billion in ￰6￱ marked one of the most significant recent confiscations, including 4.3 million USDT connected to a criminal ￰7￱ report also highlighted the predominance of stablecoins in major currency evasion and money laundering ￰8￱ careful consideration, Tether noted that the US had been ranked as the most active jurisdiction globally, with $83 million in frozen assets across 37 cases, followed by significant operations in Europe and South ￰9￱ discovery outlines the existence of a diverse and challenging threat ￰10￱ the other hand, recent reports have highlighted that the most common crime scrutinized involved the illegal sale of goods and ￰11￱ accounted for around 39% of the task force’s workload.

High-profile hacks, fraud, and scams were also uncovered in this ￰12￱ example is a single seizure of about $19 million linked to North Korea’s involvement in the Bybit ￰13￱ address these issues, Tether and its partners have vowed to maintain a strong partnership with agencies worldwide, including ￰14￱ the same time, they continue to investigate major criminal activities like financing terrorism, extortion schemes, money laundering, and investment fraud. T3 FCU launches the T3+ Global Collaborator Program To expand its footprint in the crypto ecosystem, the T3+ Global Collaborator Program launched in August, and Binance became its first significant member.

T3+ will serve as a “public-private” uniting between industry actors and law enforcement agencies ￰15￱ ultimate goal is to expedite cross-border investigations and enhance monitoring capabilities by collaborating closely with exchanges, financial institutions, and other key ￰16￱ Andersen-Röed, Global Head of the Financial Intelligence Unit at Binance, called the effort “proactive collaboration.” Following its launch, concerns were raised about the program’s ￰17￱ was addressed at Vienna’s 9th Global Conference on Criminal Finances and ￰18￱ and the Basel Institute on Governance co-hosted the event During this event, prominent executives from leading companies, including TRON DAO, Tether , Binance, and TRM Labs, met with Europol officials to discuss how the T3 framework can serve as a guide for future public-private ￰19￱ a premium crypto trading community free for 30 days - normally $100/mo.