PANews August 12 news, Binance announced it has become the first member to join the T3+ program - a global collaboration project aimed at jointly combating illegal activities on the blockchain. T3+ was initiated by the T3 Financial Crimes Unit (T3 FCU), a joint initiative founded by crypto industry participants TRON, Tether, and TRM Labs, aimed at promoting cooperation between the public and private sectors to address the illegal use of blockchain technology. Since its establishment in September 2024, T3 FCU has frozen over $250 million in 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 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 promoting an increasingly mature crypto ecosystem where innovation, compliance, and security work together. Joining the T3+ program reflects our commitment to actively collaborating with industry partners and law enforcement agencies to combat illegal activities in real-time.'