PANews reported on August 12 that Binance has announced it is the first member to join the T3+ program—this global cooperation 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, aiming to promote public-private sector cooperation in addressing the illegal use of blockchain technology. Since its establishment in September 2024, T3 FCU has frozen over 250 million 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 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 can develop in harmony. Joining the T3+ program reflects our commitment to actively collaborate with industry partners and law enforcement to combat illegal activities in real-time.'
