Crypto Crime Unit Extends Reach with Binance Partnership, Seizures Surge

A joint initiative by Tron, Tether, and TRM Labs has already resulted in freezing over $250 million in illicit cryptocurrency assets since launching their collaborative financial crime unit a year ago. This success is coupled with the launch of T3+, an expanded program that integrates Binance as a member to strengthen industry cooperation in combating cybercrime. The T3 Financial Crime Unit (T3 FCU), established in September 2024 as a public-private partnership, focuses on tracing and disrupting illicit blockchain transactions worldwide. Notably, the total amount confiscated has more than doubled compared to the initial $100 million in seizures during the first six months after launch in August 2024.