The T3+ program initiated by the alliance of Tron, Tether, and TRM Labs aims to combat cybercrime in the cryptocurrency industry. Binance has become the first member of this program.
Establishment of T3 Financial Crime Unit
Founded in September 2024, the T3 Financial Crime Unit has frozen over $250 million in illicit crypto assets in less than a year. This is more than double the amount reported in its first six months. The unit collaborates with law enforcement worldwide to track and disrupt illegal blockchain transactions associated with money laundering, investment fraud, and other crimes.
Expansion through T3+ Program
Through the T3+ program, the alliance is expanding its reach by inviting exchanges and financial institutions worldwide to share intelligence and respond to threats in real-time. Binance has joined as its first member. Tron founder Justin Sun stated that this expansion will help fight illicit activities in the industry more effectively.
Role of Stablecoins in Crime Prevention
The role of stablecoin issuers, such as Tether, in freezing funds has sparked debates in the cryptocurrency industry. Recently, Tether froze nearly $86,000 in stolen USDT, reigniting concerns over centralized control. Tether CEO Paolo Ardoino argued that only through collective action can the industry create a safer environment for users.
The T3+ program emphasizes the importance of coordinated efforts in combating cybercrime in the cryptocurrency industry. With the increase in attacks and still ineffective recovery methods, the need for collaboration is becoming increasingly clear.
