🚨 The Digital Currency Crime Unit freezes over $250 million and expands in partnership with Binance! 🚨
The T3 Financial Crime Unit, launched in September 2024 in partnership between Tron, Tether, and TRM Labs, announced the freezing of over $250 million in illicit digital assets within less than a year.
Today, the unit is expanding through the new T3+ program that includes Binance as the first T3+ category partner, to exchange information and counter attacks in real-time.
A recent report revealed that the first half of 2025 witnessed thefts exceeding $3 billion in the digital currency world, with a notable acceleration in the speed of transferring stolen funds, as money is sometimes laundered in less than three minutes.
Collaboration between companies and platforms has become essential to counter evolving attacks, especially with the involvement of state-sponsored hacking groups and various criminal entities.
Paolo Ardoino, CEO of Tether, stated: "There is no place for criminals to hide on the blockchain, and collective efforts are needed to build a safer environment for users."
However, there is controversy surrounding the powers of stablecoin platforms and centralized exchanges to freeze funds, as some believe this contradicts the principles of decentralization.
---
#Cryptocurrency #DigitalCurrencySecurity #Binance #Tron #Tether #DigitalCurrencyCrimes #BlockchainSecurity