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The T3 Financial Crimes Department, supported by TRON, Tether, and others, has frozen assets worth 300 million USD.
On October 31, the T3 Financial Crime Unit, a cryptocurrency law enforcement task force, stated that it has frozen $300 million in illegal funds during its first year of operation. This achievement has garnered praise from international law enforcement agencies and demonstrates the self-regulatory capabilities of the stablecoin industry. The unit was established at the end of 2024, formed by stablecoin issuer Tether, the blockchain network TRON, and the blockchain intelligence platform TRM Labs, initially aimed at purifying stablecoin activities on TRON. Today, T3 has evolved into a global blockchain security law enforcement model, marking a significant shift in compliance and accountability mechanisms within the crypto industry. The unit is responsible for monitoring on-chain transactions and coordinating the seizure of high-risk assets, including Pig-butchering scams and the flow of funds from organized crime networks in Europe. Currently, its investigation scope covers five continents. Recently, the Brazilian Federal Police formally recognized T3's assistance in the “Operation Lusocoin”—a major money laundering case—highlighting the increasingly important role of public-private cooperation in preventing crypto financial crimes.