Binance, the world’s largest cryptocurrency exchange, has joined an ambitious international initiative aimed at dismantling illegal cryptocurrency activities. Together with blockchain project Tron, stablecoin giant Tether, and blockchain analytics firm TRM Labs, the alliance is targeting money laundering, scams, ransomware, terrorist financing, and other crimes in the crypto world.

Rapid Results – $250 Million Frozen

Since its launch, the team has frozen over $250 million in illicit cryptocurrency funds — more than double the amount seized during its first operational phase. The frozen funds originate from various sources, including:

  • Large-scale investment scams,

  • Ransomware attacks

  • Extortion

  • Terrorist financing

These results highlight how quickly cybercriminals adapt — and why a coordinated response is crucial.

T3 FCU: Real-Time Elimination of Illegal Transactions

The core of this success is the T3 Financial Crime Unit (T3 FCU) — a specialized system designed to detect and block suspicious blockchain transactions within minutes. Members Tron, Tether, and TRM Labs work closely with international law enforcement agencies — now alongside Binance — to intercept financial crimes before funds disappear into anonymous channels.

The new T3+ program expands cooperation to include exchanges, banks, and other industry participants that share real-time information. Binance is the first major player to join this upgraded initiative.

The first joint operation between Binance and T3 FCU resulted in nearly $6 million frozen from a long-running pig butchering scam, in which criminals lure victims into fake investment schemes.

A Race Against Hackers

According to data from blockchain analytics firm Global Ledger, more than $3 billion in cryptocurrency was stolen in the first half of 2025 alone. Some attacks happen extremely fast — hackers can drain an account within three minutes of breaching it.

On average, the time from breach to fund transfer is 15 hours, with full laundering completed in roughly 23% of cases before the public even learns of the attack. Only 4.2% of stolen assets are successfully recovered.

Binance and its partners aim to reverse this trend by reducing reaction times and increasing the chances of immediate fund freezes.

The Debate Over Centralization and User Protection

Interventions like Tether’s freezing of $86,000 in stolen USDT last month have reignited debate over the balance between victim protection and the decentralized nature of crypto. Critics warn against excessive control by stablecoin issuers and exchanges, while supporters argue that without this tool, trust in the crypto ecosystem could collapse.

Project leaders agree on one thing: collaboration is the best defense. With Binance now on board, T3 FCU expects to react faster and reduce the agility of the global cybercrime community.

#Binance , #Tron , #Tether , #CryptoSecurity , #CryptoCrime

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