T3 FCU, Partnership Between Tether, Tron and TRM Labs Says they Helped Spain Freeze $26.4 million in Laundered Funds

The new T3 Financial Crime Unit, or T3 FCU, says it has worked with the Spanish Guardia Civil to help freeze $26.4 million in funds from a money laundering ploy.

T3 FCU was created by Tether, Tron, and TRM Labs to pursue crypto crimes.

The money laundering in Spain is said to be their biggest win so far in 2025.

Justin Sun, Tron creator, noted that crooks are attracted to the benefits of crypto, including speed and borderless transfers.

“But by freezing over $26 million through coordinated action with law enforcement, we’re showing that TRON’s transparency actually makes it harder, not easier, to launder money,”  said Sun. “While traditional financial crime can hide in the shadows, blockchain ensures sunlight reaches every corner.”

According to T3, Spanish authorities identified the organization via surveillance. They were assisted by KYC records, linking the addresses to money laundering purposes.  The unnamed entity was said to be moving both cash and crypto to launder funds.

Paolo Ardoino, CEO of Tether, touted their ability to use technology to deter illegal activities.  Tether is the issuer of USDT, the largest stablecoin by market cap.

“The freezing of the assets demonstrates Tether’s commitment to clamping down on illicit actors and its zero-tolerance approach towards money laundering and financial crime. Let this serve as a clear warning—criminals who attempt to misuse Tether will get caught. To date, Tether has also collaborated with more than 220 law enforcement agencies across more than 51 jurisdictions to freeze more than 2,400 addresses amounting to approximately 2.2B USDT,” said Ardoino.

To date, T3 FCU reports that it has frozen over $126 million linked to criminal activities.



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