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Tether: T3 FCU has frozen over $300 million in illegal funds
[Tether: T3 FCU has frozen over $300 million in illegal funds] According to official news, T3, a financial crime fighting department jointly created by Tether, Tron, and TRMLabs, announced that since its establishment in September 2024, it has frozen over $300 million in on-chain illegal assets. This month, the department collaborated with the Federal Police of Brazil to carry out the Luso coin operation, freezing and seizing 4.3 million USDT related to money laundering schemes, marking a milestone here. Despite T3 working closely with global law enforcement agencies, illegal funds have still managed to evade regulation this year. In February this year, the North Korean hacking group Lazarus conducted an attack on a CEX exchange worth $1.5 billion. As of July, the group has laundered $1 billion of the stolen funds, making it the largest cryptocurrency theft in history. Tether's CEO Paolo Ardoino stated that Tether is committed to working with over 280 law enforcement agencies worldwide to maintain the integrity of the financial ecosystem. The achievement of the $300 million milestone demonstrates the tangible impact of blockchain technology in combating financial crime.