A crypto crime task force formed by Tron (TRX), TRM Labs and Tether has reportedly frozen more than $125 million worth of USDT internationally since its inception in August 2024.
According to new announcements from Tron and Tether, the T3 Financial Crime Unit has arrested bad actors on the TRX blockchain worth $126 million in USDT in just four months of existence.
“The T3 Financial Crime Unit (T3FCU), a collaboration between TRON, Tether and TRM Labs, has frozen over 100 million USDT in criminal assets globally, reaching an important milestone in its fight against cryptocurrency-related financial crime .”
According to the chart above, more than $100 million in frozen funds were linked to money laundering and investment fraud schemes.
According to Tether’s announcement of this milestone, T3 has monitored over $3 billion in USDT volume transactions on the TRON blockchain across five continents over the past four months.
Says Tron founder Justin Sun,
“Criminals now have 100 million reasons to think twice before using TRON.
The T3 FCU’s rapid success in freezing criminal assets sends an unequivocal message: if you use USDT on TRON for criminal purposes, you will be arrested.
Sun, a polarizing figure in the cryptosphere, recently made headlines for eating a banana worth $6.2 million.
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