Global Crackdown on Crypto Crime Freezes $300 Million in Assets
Efforts to fight crypto-related crime are getting stronger as cooperation between companies and law enforcement grows worldwide.
The T3 Financial Crime Unit (T3 FCU) — a team formed by Tether, Tron, and TRM Labs — announced on October 31 that it has frozen more than $300 million in illegal crypto assets since it started in September 2024.
This partnership shows how public and private sectors are working together to stop crimes like money laundering, fraud, and organized crime that use cryptocurrency.
Tether CEO Paolo Ardoino said the milestone proves that blockchain technology can be a real tool to fight financial crime. “We’re working closely with global law enforcement to track suspicious transactions and stop criminal activities,” he said.
Tron founder Justin Sun added that this success shows what can happen when “technology, institutions, and people work together,” helping make the digital economy safer for everyone.
Over the past year, T3 FCU has helped law enforcement in 23 countries, including major operations in the U.S., Europe, and Brazil. One key example was Brazil’s Operation Lusocoin, which seized R$3 billion in illegal assets with the help of blockchain tracking.
Beyond investigations, T3 FCU also launched the T3+ Global Collaborator Program, which includes Binance, and has worked with international organizations such as Europol and the Basel Institute on Governance to improve global crypto crime policies.
