BlockBeats News, August 12, Binance announced that it has become the first member to join the T3+ program—a global collaborative project aimed at jointly combating illegal activities on the blockchain. T3+ was initiated by the T3 Financial Crimes Unit (T3 FCU), a joint initiative established by cryptocurrency industry participants TRON, Tether, and TRM Labs, aimed at promoting public-private sector collaboration to address the illegal use of blockchain technology. Since its establishment in September 2024, T3 FCU has frozen more than $250 million in illegal proceeds globally and has closely collaborated with law enforcement agencies across five continents to combat criminal networks in real-time.
Binance has participated in the first successful case, successfully freezing nearly $6 million in illegal funds related to 'pig butchering' scams. Nils Andersen-Röed, head of Binance's global financial intelligence department, stated: 'At Binance, we are committed to fostering a maturing crypto ecosystem where innovation, compliance, and security can thrive together. Joining the T3+ program reflects our commitment to actively cooperating with industry partners and law enforcement to combat illegal activities in real-time.'
