A new joint unit formed by Tether, TRONDAO, and TRM Labs has made significant strides in combating illicit cryptocurrency activity. Since its launch in September 2024, the T3 Financial Crime Unit has frozen over $300 million in criminal digital assets. This initiative plays a critical role in helping law enforcement agencies across the globe combat various financial crimes, including money laundering, scams, terrorist financing and cyberattacks linked to North Korea.
The unit’s success lies in its multi-jurisdictional approach. With Tether’s expertise in transaction oversight, TRONDAO’s advanced blockchain infrastructure, and TRM Labs’ comprehensive compliance and analytical tools, the T3 Financial Crime Unit provides swift and effective responses to suspicious activity. This unprecedented collaboration between industry leaders demonstrates a concrete solution for ensuring transparency and control within the rapidly evolving digital asset ecosystem.