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Binance becomes first T3+ member, partnering to combat blockchain crimes and freeze $6M.
ByAinvest
Tuesday, Aug 12, 2025 1:29 pm ET1min read
Binance becomes first T3+ member, partnering to combat blockchain crimes and freeze $6M.
On July 02, 2025, Binance became the first official member of the T3+ program, a global collaborator initiative launched by the T3 Financial Crime Unit (T3 FCU) to combat illicit activities on the blockchain. This move signifies a significant step in enhancing public-private collaboration to address financial crimes within the crypto ecosystem.The T3 FCU, a joint initiative by TRON, Tether, and TRM Labs, was established in September 2024 to combat financial crimes on the blockchain. Since its inception, T3 FCU has frozen over $250 million in illicit assets globally, including almost $6 million in a successful coordinated effort with Binance via T3+ to thwart a pig butchering scam [1].
Binance's inclusion in the T3+ program underscores its commitment to proactive collaboration with industry partners and law enforcement to combat illicit activity in real time. "At Binance, we are committed to fostering a maturing crypto ecosystem where innovation, regulation, and security work hand in hand," said Nils Andersen-Röed, Global Head of the Financial Intelligence Unit at Binance. "Joining the T3+ initiative reflects our dedication to proactive collaboration with industry partners and law enforcement to combat illicit activity in real time" [1].
The T3+ program aims to improve monitoring capabilities, speed communications and collaboration, and multiply the ability to address illicit activity more effectively across the entire blockchain industry. By joining this initiative, Binance hopes to contribute to a safer and more trusted environment for users worldwide.
The partnership between Binance and T3 FCU is a practical step toward strengthening compliance standards and addressing illicit finance risks within the digital asset ecosystem. As regulatory frameworks around blockchain technology continue to develop, initiatives like T3+ offer a model for how public-private actors can proactively work with one another and with law enforcement.
References:
[1] https://www.newsfilecorp.com/release/262098
[2] https://cryptorank.io/news/feed/120ff-nydfs-fines-paxos-48-5m-over-aml-violations-related-to-binance-partnership
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