Tether, TRON, and TRM Labs Join Forces to Fight Crypto Crime

TRON, Tether, and TRM Labs joined forces and established a T3 Financial Crime Unit (T3 FCU). This initiative seeks to strengthen public-private cooperation in combating financial crime in the crypto space.

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Tether, TRON and TRM Labs join forces to fight crypto crime

TRON, Tether and TRM Labs have joined forces and founded a T3 Financial Crime Unit (T3 FCU). This initiative aims to strengthen public-private cooperation in combating financial crimes in the crypto sector.

Crypto analyst “Wu BlockChain” shared this news with his 390,000 followers this afternoon. He mentioned that in the weeks since its launch, the initiative has helped freeze over 12 million USDT in funds in collaboration with law enforcement.

Tether, TRON and TRM Labs announced today that they have joined forces to form the T3 Financial Crime Unit to combat illegal activities related to the use of USDT on the TRON blockchain. In the weeks since its launch, the initiative, in collaboration with law enforcement,...

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Tackling illegal activities on TRON

USDT plays a crucial role in the crypto economy due to its huge market cap of $117 billion. The TRON blockchain sources over 50% of its supply from USDT.

In addition, USDT's low fees and ease of use have made it popular among legitimate users, but have also attracted the attention of malicious actors. More and more people are using the TRON blockchain, which means there's a higher chance of bad things happening, like... B. People trying to hide stolen money or defraud others.

To combat these issues, the T3 FCU aims to protect TRON's network by identifying and preventing criminal use of USDT. TRM Labs will play a central role in tracking illegal transactions and supporting criminal investigations with its continuous intelligence.

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Public-private cooperation to ensure security

This relationship between Tether, TRON and TRM Labs highlights the growing power of public-private collaborations in combating financial crime within the cryptocurrency industry.

In addition, TRM Labs will leverage its in-house technologies and global network of experts to help law enforcement agencies combat threats such as terrorism, sanctions evasion and cybercrime.

Finally, TRON's founder Justin Sun said that the collaboration with TRM Lab and Tether will ensure that blockchain technology is used for good things. Tether CEO Paolo Ardiono also promised that they will continue to work hard to keep digital money safe and trustworthy.

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