Binance Joins T3+ Crime-Fighting Alliance, Freezes $6M in First Pig Butchering Case
Main Idea
Binance has joined the T3+ crime-fighting alliance, contributing to freezing $6 million in a pig-butchering scam, and is collaborating with BBVA for off-exchange asset custody to rebuild investor trust.
Key Points
1. Binance joined T3+, a global collaboration program to combat blockchain-related crimes, launched by TRON, Tether, and TRM Labs.
2. T3 FCU has frozen over $250 million in illicit assets since its inception in September 2024.
3. Binance contributed to freezing $6 million linked to a pig-butchering scam and helped protect 7.5 million users from nearly $10 billion in fraud.
4. T3+ operates by analyzing millions of transactions and dismantling cross-border criminal operations.
5. Binance is partnering with Spain's BBVA to offer independent custody of digital assets, aiming to rebuild trust after its $4.3 billion fine in 2023.
Description
Binance, the world’s largest cryptocurrency exchange , has become a member of T3+, a new global collaboration program dedicated to fighting illicit activity on the blockchain, and has contributed to its first successful case, helping freeze nearly $6 million linked to a pig-butchering scam. Launched by TRON, Tether, and TRM Labs through the T3 Financial Crime Unit (T3 FCU), T3+ seeks to identify and disrupt blockchain-related crimes in real time. Through T3+, the #T3FCU will work more closely wi...
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