Cryptocurrency assets linked to criminal activities worth $250 million have been frozen by T3, a blockchain analytics firm backed by Tron, according to recent disclosures. Details of these seized assets remain unclear.
The T3 Financial Crime Unit (T3 FCU), a joint initiative by Tron, Tether, and TRM Labs, has launched a new global public-private partnership called T3+. This initiative aims to enhance cross-border blockchain crime prevention by improving real-time monitoring, speeding communication, and strengthening cooperation among exchanges, financial institutions, law enforcement, and other stakeholders. Binance became the first official member of T3+ upon its launch in August 2025.
T3+ has several key goals, including boosting enforcement and disruption of criminal networks, improving monitoring capabilities to detect suspicious transactions, accelerating cross-border investigations, and enhancing the ability to freeze illicit crypto assets in real time. Since its inception in September 2024, T3 FCU has already frozen over $250 million in illicit assets, including funds involved in high-profile scams like "pig butchering" schemes.
The crypto industry has been hit by several scams and attacks over the last few months. Recently, Indian cryptocurrency exchange CoinDCX was hacked, with hackers posing as recruiters to lure a software engineer into installing malware. This malware gave the hackers access to the backend of CoinDCX, leading to a $44 million crypto heist.
T3+ addresses the rising urgency in combating crypto crime. In early 2025, over $3 billion in crypto assets were stolen, and only a small fraction was successfully recovered due to the rapid pace of laundering techniques. By working closely with members like Binance, T3+ leverages shared intelligence to strengthen defense against such crimes globally.
Through T3+, these efforts are expected to multiply by fostering broader collaboration and faster responses across the entire blockchain ecosystem. T3's core targets include preventing investment scams, illicit drug operations, terrorism-related financial crimes, and hacks.
Despite the trend of scams, law enforcement agencies are working to catch and prosecute these criminals. For instance, Aave, a decentralized liquidity protocol, suffered an attack on its platform about two weeks ago. Fraudsters also impersonated Revoke Cash, a crypto recovery service, in a phishing scam.
The demand for stablecoins currently stands at $82.7 billion, and this trend has led to a 4.2% surge in the value of Tron (TRX). However, the rise in stablecoin demand also presents new challenges for the T3 FCU, as it works to prevent and combat crypto crime.
In conclusion, the launch of T3+ marks a significant step forward in the fight against crypto crime. By bringing together public and private sectors, T3+ aims to improve monitoring capabilities, speed communications, and enhance the ability to address illicit activity more effectively. As the crypto industry continues to grow, initiatives like T3+ will be crucial in ensuring the safety and security of digital assets for all users.
[1] T3 Financial Crime Unit Launches T3 [2] Binance Joins T3 Financial Crime Unit's T3+ Initiative [3] CoinDCX Hacked: $44 Million in Crypto Stolen [4] T3 FCU Freezes Over $250 Million in Criminal Assets [5] T3 FCU's Collaboration with Binance Strengthens Defense Against Crypto Crime
[1] In a bid to combat the rising tide of crypto crime, the T3 Financial Crime Unit (T3 FCU) has launched a new initiative, T3+, aimed at enhancing real-time monitoring, speeding communication, and strengthening cooperation among various stakeholders within the business, finance, technology, and general-news sectors, including law enforcement agencies.
[2] Binance, a key player in the crypto industry, has joined this initiative, becoming its first official member, as part of a broader collaboration to address crime and justice concerns in the digital asset arena.
