Binance Joins Tron & Tether’s “T3” Task Force After It Freezes $250M in Illicit Crypto
Main Idea
Binance joins the T3 Financial Crime Unit (T3 FCU) alliance, which has frozen over $250M in illicit crypto, amid rising cybercrime and faster laundering times.
Key Points
1. The T3 Financial Crime Unit (T3 FCU), a collaboration between Tron, Tether, and TRM Labs, has frozen over $250M in illicit crypto since its launch in September 2024.
2. Binance has joined as the first member of the expanded 'T3+' alliance, helping freeze nearly $6M tied to a 'pig butchering' scam in its first operation.
3. Over $3B in crypto was stolen in the first half of 2025, with hackers laundering funds in under three minutes in some cases.
4. A new ransomware group, Embargo, has moved over $34M in ransom payments and may be a rebranded version of the BlackCat (ALPHV) group.
5. More than 30% of laundering occurs within 24 hours of a breach, leaving compliance teams with only 10-15 minutes on average to respond.
Description
T3 Financial Crime Unit has frozen over $250M in illicit crypto less than a year after launch. New “T3+” program brings Binance onboard to enable real-time intelligence sharing. Over $3B in crypto stolen in H1 2025, with laundering in some hacks completed in under 3 minutes. A joint initiative between Tron, Tether, and blockchain analytics firm TRM Labs has frozen more than $250 million in illicit cryptocurrency less than a year after launch, the group announced Tuesday. The T3 Financial Crime U...
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