The T3 Financial Crime Unit (T3 FCU) launched by Tether has achieved a significant milestone, freezing over $300 million worth of cryptocurrency assets. This accomplishment highlights the growing effectiveness of coordinated blockchain monitoring in combating financial crime across various jurisdictions.
Launched in September 2024, the T3 FCU collaborates with law enforcement agencies globally to disrupt illicit activities utilizing cryptocurrencies. The unit’s success has been demonstrated by its involvement in high-profile operations such as Operation Lusocoin in Brazil, which targeted large-scale money laundering and currency evasion through crypto.
This operation resulted in the freezing of over R$3 billion in assets, including 4.3 million USDT linked to a criminal organization. The T3 FCU’s influence extends beyond these cases, as it has collaborated with agencies across countries including the United States, Spain, Germany, Albania, Brazil, Australia, Poland, and the United Kingdom.
The unit plays a critical role in addressing illicit activities ranging from scams and money laundering to organized crime, reflecting the importance of a shared approach to investigations. This landmark achievement underscores the significant impact of blockchain technology on global financial crime prevention.