The T3 Financial Crime Unit, a joint initiative by Tron, Tether, and blockchain analytics firm TRM Labs, has now frozen over $250 million worth of criminal assets less than a year after its launch.
“Freezing over $250 million in illicit assets in less than a year is a powerful testament to what’s possible when the industry comes together with a shared goal,” Paolo Ardoino, CEO of Tether, said in a statement on Tuesday.
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Formed in September 2024, T3 has worked with law enforcement agencies on five continents to target funds linked to money laundering, scams, hacks, terrorism financing, and other crimes.
The unit says it has monitored over $3
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