Binance Joins Crypto Crime Fighting Alliance in Bid to Combat Illicit Activity

A new alliance aimed at fighting illicit crypto activity is expanding its reach with Binance joining as a key member. This initiative, known as T3+, will boost global intelligence sharing and rapid threat response to combat sophisticated hacks and money laundering. The move comes amid a worrying rise in theft, with over $3 billion stolen in the first half of 2025, many funds disappearing within minutes, leaving recovery rates at just 4.2%. While this initiative faces criticism regarding centralized control by stablecoin issuers, supporters believe coordinated efforts are essential for battling crypto crime.