1. Combating Crypto Crime on TRON With T3 FCU
2. Freezing of Over 12M USDT in Scam and Fraud Funds
3. USDT on TRON Draws Bad Actors’ Attention

Today, September 10, Tether, TRON, and TRM Labs announced they have joined forces to establish a new unit to combat crypto crime.

Combating Crypto Crime on TRON With T3 FCU

This new collaboration unites the anti-financial crime expertise of TRM Labs, the technical expertise of TRON, and the external investigations team at Tether. The aim of this new initiative is to create a safer and more secure crypto community. TRM will provide ongoing support to TRON and Tether to identify transactions linked to potential illegal activities such as terrorism, sanctions evasion, theft, hacking, cybercrime, and fraud. TRM will leverage its technology and global network of expert investigators to generate intelligence supporting TRON and Tether’s efforts to disrupt criminal activity and assist law enforcement worldwide.

Freezing of Over 12M USDT in Scam and Fraud Funds

The original release notes that in the weeks since the initiative was launched, over 12 million USDT associated with blackmail scams, investment fraud, and other crimes have been frozen in collaboration with law enforcement. Police are currently aware of at least 11 victims impacted by scams and expect more victims to be identified as the investigation unfolds.

USDT on TRON Draws Bad Actors’ Attention

USDT on TRON has features that make it attractive for legitimate users: low fees, lack of volatility, and ease of use. It also facilitates transactions and liquidity. However, these features also attract bad actors, including scammers and terrorist financiers. As the TRON blockchain's popularity and user base grow, so does exposure to criminal elements. Establishing T3 FCU is a crucial step toward preventing money laundering and the use of criminal proceeds, safeguarding the integrity of the TRON blockchain.

The T3 FCU aims to promote security and prosperity across the TRON network and beyond. Justin Sun, TRON's founder, emphasized that the network was created with the belief that technology can be used for good. Paolo Ardoino, Tether’s CEO, highlighted that protecting the integrity of the blockchain ecosystem is a priority. Chris Janczewski of TRM Labs added that with the rising adoption of stablecoins, key industry players must enhance their capabilities to combat illicit activity.