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🚨 Binance has become the first member to join the T3+ initiative established by Tether, TRON, and TRM Labs to combat what is referred to as (blockchain crimes).
Binance has become the first member in the T3+ initiative alongside Tether and TRON to fight fraud in the crypto space.
📌 Since the launch of T3 last year, $250 million in suspicious funds have been frozen.
Binance itself, when it first got involved, helped freeze around $6 million from a large scam called pig butchering scam.
This term has been given to the methods of scamming that come in the form of fake advice, fictitious investments, groups, and fake accounts, and in the end, the scammers disappear with the victims' money.
From 2022 until now, they have protected 7.5 million users and prevented fraud amounting to $10 billion.
