Crypto scams have become one of the biggest threats in the digital economy. However, recent collaborative efforts between government and private entities have led to significant successes.
T3 FCU Freezes $250M Through Teamwork
One of the biggest successes comes from the T3 FCU initiative, built by TRON, Tether, and TRM Labs, with active support from Binance. In just one year, this group froze over $250 million in stolen assets across many countries.
The project has also blocked smaller but harmful scams. Around $6 million linked to romance scams and pig butchering fraud was stopped. These types of fraud trick people into sending money little by little over time.
Paolo Ardoino, CEO of Tether, stated that the results prove what can be accomplished when the industry works together. He explained that freezing over $300 million in just one year shows the real power of global teamwork.
Chainalysis Aids in Scam Recovery
In parallel, Chainalysis, which led Operation Spincaster in 2024, announced results from its work with agencies in North America.
Over the past six months, the company supported two major operations: Project Atlas, led by the Ontario Provincial Police in Canada, and Operation Avalanche, led by the BC Securities Commission.
Together, these initiatives uncovered more than $74 million in confirmed losses and froze tens of millions in related illicit funds. The blockchain analytics firm noted that the investigations went far beyond national borders.
Project Atlas alone identified over 2,000 crypto wallets linked to fraud victims across 14 countries, including the United States, Australia, Germany, and the United Kingdom.
Crypto Scams: New Threats in 2025
Crypto scams and tactics in 2025 are moving faster and becoming more sophisticated. As the industry grows and becomes more mainstream, criminals are also finding new ways to trick individuals. Fraudsters now leverage tools like artificial intelligence, deepfake technology, and long-term scam tactics to exploit victims financially.
Losses have already reached billions of dollars in just the first half of the year. Nevertheless, combining law enforcement agencies, blockchain analytics companies, and cryptocurrency firms has proven to be an effective weapon against crypto-related crime.
With the successes of collaborative efforts between governments and the private sector, there is hope for reducing these threats. Their actions offer a chance for recovery for victims and a safer future for the crypto industry.
