Three Blockchain Companies Launch New Unit to Combat Crypto Crime

TRON, Tether, and TRM Labs have launched the T3 Financial Crime Unit (T3 FCU), a new initiative designed to tackle financial crime in the cryptocurrency sector.

This unit focuses on monitoring illicit activities related to Tether’s USDT stablecoin on the TRON network.

The T3 FCU combines expertise from all three organizations to enhance security and prevent fraud. They will work with industry experts and law enforcement to safeguard users against scams.

Justin Sun, TRON’s founder, stressed that the collaboration aims to ensure blockchain technology benefits society while rejecting illegal activities. Tether’s USDT, with a $117 billion market cap, is often targeted by criminals due to its stability. The T3 FCU seeks to address these threats without compromising blockchain’s integrity.

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Chris Janczewski from TRM Labs highlighted the importance of adapting to emerging crypto crimes, while Paolo Ardoino from Tether reaffirmed their commitment to protecting the blockchain ecosystem.

The unit has already managed to freeze over $12 million linked to criminal activities, marking a significant step in securing the TRON network and broader digital asset industry.

Alexander Stefanov