Tron and Tether Enhance Crime-Fighting Efforts with Binance Amid Rising Crypto Hack Challenges
Main Idea
The T3 Financial Crime Unit (T3 FCU), a collaboration between Tron, Tether, and TRM Labs, has frozen over $250 million in illicit crypto assets since its launch in September 2024, with Binance as its first T3+ partner.
Key Points
1. The T3 FCU has frozen over $250 million in illicit crypto assets since its launch in September 2024.
2. Only 4.2% of stolen funds were recovered in the same period, underscoring the need for initiatives like the T3 FCU.
3. The T3+ program expands the T3 FCU’s reach by involving exchanges like Binance to enhance crypto security.
4. In the first half of 2025, over $3 billion in crypto was lost to hacks, emphasizing the urgency of combating crypto crime.
5. Stablecoin issuers freeze funds to aid in significant recoveries, with the T3 FCU playing a key role in protecting blockchain assets.
Description
The T3 Financial Crime Unit (T3 FCU) is a collaboration between Tron, Tether, and TRM Labs that has frozen over $250 million in illicit crypto assets since its launch in
Latest News
- XRP’s Potential for Growth Amid ETF Speculation and Rising Interest in MAGACOIN FINANCE2025-08-13 01:29:22
- BNY Mellon Partners with OpenEden to Manage Tokenized US Treasury Fund, Enhancing Blockchain Finance Opportunities2025-08-13 01:21:32
- Potential Risks for Solana as Whale Sell-Offs and Unstaking Create $170 Support Focus2025-08-13 01:14:55
- Unverified Claims of 900 Million XRP Purchase Prompt Cautious Market Speculation Amid Price Volatility2025-08-13 01:01:49
- Cardano Holds Above Key Support as Price Structure Suggests Potential for Future Upswing2025-08-13 00:58:50