Crypto crime unit with $250M in seizures expands with Binance

Key Points

1. The T3 FCU has frozen $250 million in illicit assets, more than double the amount reported in its first six months after launching in September 2024.

2. The unit aims to combat crypto hacks, money laundering, and other financial crimes, with Binance joining as its first member.

3. A Global Ledger report highlights the increasing speed of crypto hacks, with 30% of laundering completed within 24 hours and only 4.2% of stolen funds recovered in the first half of 2025.

4. State-sponsored hacking groups and cybercrime have made recovery and enforcement more difficult, with some attacks linked to North Korean cyber-espionage operations.

5. Tether froze nearly $86,000 in stolen USDt, sparking debate over the power of stablecoin issuers and centralized exchanges to freeze funds.