Tron, Tether, TRM Labs Freeze $250M in Illicit Crypto, Expand Crime-Fighting Alliance with Binance

Tron, Tether, and blockchain intelligence firm TRM Labs say their joint financial crime unit has blocked over $250 million in illicit crypto assets since its launch less than a year ago — and is now expanding its network with Binance as its first new member.

According to a recent announcement, the T3 Financial Crime Unit (T3 FCU), unveiled in September 2024 as a public-private partnership, targets illegal blockchain transactions ranging from money laundering to terrorism financing. The latest figure marks more than double the $100 million frozen in its first six months.#TRM