PANews reported on August 12 that Binance has announced it is the first member to join the T3+ program—this global cooperative project aims to jointly combat illegal activities on the blockchain. T3+ was initiated by the T3 Financial Crimes Unit (T3 FCU), a joint initiative established by crypto 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 over 250 million US dollars of illegal assets 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 US dollars of 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 promoting an increasingly mature crypto ecosystem where innovation, compliance, and security work together. Joining the T3+ program reflects our commitment to actively collaborate with industry partners and law enforcement to combat illegal activities in real-time.'
