Binance Joins T3 Unit Targeting Illicit Crypto Activity
Main Idea
The T3 Financial Crime Unit (T3 FCU), in collaboration with Binance, has expanded its efforts to combat crypto-related financial crimes, having frozen over $250 million in illicit assets amid rising sophisticated hacks.
Key Points
1. The T3 FCU, established in September 2024, works with law enforcement to freeze illicit crypto assets, with over $250 million frozen since its launch.
2. Binance has joined the T3+ program, expanding the unit's reach in combating financial crimes in the crypto industry.
3. Over $3 billion was stolen in early 2025, with more than 30% of stolen crypto laundered within minutes, leading to a recovery rate of just 4.2%.
4. Tether froze nearly $86,000 in stolen USDT, sparking debates about decentralization versus the necessity of such measures for security.
5. The rapid movement of stolen funds and the complexity of blockchain technology complicate recovery efforts in the crypto industry.
Description
The group is now expanding through the new T3+ program, with Binance joining as its first member to boost global intelligence sharing and rapid threat response. The move comes amid a surge in sophisticated hacks, with over $3 billion stolen in early 2025 and many funds laundered within minutes, leaving recovery rates at just 4.2%. While critics question the centralized control of stablecoin issuers, supporters argue these coordinated projects are vital when it comes to fighting crypto crime. Bin...
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