The T3 Financial Crime Unit (T3 FCU)—a joint initiative by TRON, Tether, and TRM Labs—announced the launch of “T3+,” a global collaborator program made up of some of the key players in the crypto ecosystem.
It is designed to expand public-private collaboration to “combat illicit activities on the blockchain.”
Binance has joined as the program’s “first official member.”
In parallel, Justin Sun, Founder of TRON, announced “a significant milestone: since launching less than a year ago, T3 FCU has frozen over $250 million USD in illicit assets globally, including almost $6M frozen in a successful coordinated first effort with Binance via T3+ to thwart the proceeds of a pig butchering scam.”
Since its inception in September 2024, T3 FCU has worked closely “with law enforcement agencies worldwide to identify and disrupt criminal networks.”
The unit has analyzed millions of transactions “across five continents, monitoring over $3 billion USD in total volume.”
This monitoring capability enables T3 FCU to work “across borders, identifying and disrupting criminal operations in real-time, making it an invaluable resource for law enforcement agencies worldwide.”
Through T3+, the T3 FCU will work “with exchanges, financial institutions, and other stakeholders to improve monitoring capabilities, speed communications and collaboration, and multiply the ability to address illicit activity more effectively across the entire blockchain industry.”
Paolo Ardoino, CEO of Tether:
“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. At Tether, we’ve always believed that bad actors have nowhere to hide on the blockchain — and we’ve consistently backed that belief with action, working closely with global law enforcement agencies to monitor transactions and disrupt criminal activity.”
T3 FCU has collaborated with “law enforcement agencies around the world to assist in investigations involving money laundering, investment fraud, extortion schemes, terrorism financing, and other serious financial crimes.”
Binance’s inclusion in the T3+ program represents “a practical step toward strengthening compliance standards and addressing illicit finance risks within the digital asset ecosystem with an emphasis on real time collaboration.”
As regulatory frameworks around blockchain technology continue to develop, initiatives like T3+ offer a “model for how public-private actors can proactively work with one another and with law enforcement.”
Through this program, T3 FCU is building the “infrastructure needed for more effective transaction monitoring, timely intervention, and alignment with global financial crime prevention efforts.”
T3 FCU is a public-private initiative “launched by TRON, Tether, and TRM Labs in September 2024 to combat illicit activities on the blockchain.”
This public-private partnership works directly “with law enforcement agencies worldwide to identify and disrupt criminal networks.”
Since its inception, T3 FCU has reportedly frozen over “$250 million in criminal assets across five continents, established rapid response capabilities to address threats, and demonstrated how industry collaboration can effectively combat financial crime while supporting blockchain innovation.”