T3 Financial Crime Unit Freezes $126,000,000 in USDT on Tron (TRX) Blockchain in Just Four Months

A crypto crime task force formed by Tron ( TRX ), TRM Labs and Tether has reportedly frozen over $125 million worth of USDT internationally since its August 2024 inception.

According to new announcements from Tron and Tether , the T3 Financial Crime Unit has taken bad actors on the TRX blockchain for $126 million worth of USDT in only four months of existence.

“The T3 Financial Crime Unit (T3FCU), a collaboration between TRON, Tether, and TRM Labs, has frozen more than USDT 100 million in criminal assets globally, passing a significant milestone in its fight against cryptocurrency-related financial crime.”

Per the above graphic, over $100 million of the frozen funds were connected to money laundering and investment scam schemes.

According to Tether’s announcement of the milestone, T3 has monitored over $3 billion worth of transactions in USDT volume on the TRON blockchain across five continents for the last four months.

Says Tron founder Justin Sun,

“Criminals now have 100 million reasons to think twice before using TRON.

T3 FCU’s rapid success in freezing criminal assets sends an unmistakable message: if you’re using USDT on TRON for crime, you will be caught.”

Sun, a polarizing personality in the cryptosphere, recently made headlines for eating a $6.2 million banana .

Generated Image: Midjourney