T3 FCU Freezes $250M in Illicit Assets as Binance Joins T3+ Program

Singapore-based T3 Financial Crime Unit (T3 FCU), a collaborative initiative formed by TRON, Tether, and TRM Labs, announced on August 12, 2025, the launch of the T3+ Global Collaborator Program, aimed at expanding public-private collaboration to combat illicit activities in the blockchain space [1]. The program’s first official member is Binance, marking a significant step in cross-industry efforts to enhance compliance and security standards in the digital asset ecosystem [1].

Since its launch in September 2024, T3 FCU has demonstrated rapid progress in its mission to monitor and freeze criminal assets. Over the past year, the unit has successfully frozen more than $250 million USD in illicit assets globally, including nearly $6 million in a coordinated action with Binance to disrupt the proceeds of a pig-butchering scam [1]. These efforts highlight the unit’s ability to operate effectively across jurisdictions and detect illicit transactions in real-time [1].

T3 FCU’s operations have included analyzing millions of blockchain transactions across five continents, with a total monitored volume exceeding $3 billion USD. The unit has worked closely with law enforcement agencies to identify and disrupt criminal networks involved in money laundering, investment fraud, extortion, and terrorism financing [1].

The T3+ program is intended to strengthen collaboration with exchanges, financial institutions, and other key stakeholders. By scaling its monitoring capabilities and improving communication, the program aims to enhance the entire blockchain industry’s ability to detect and prevent criminal activities [1]. Binance’s participation underscores the importance of proactive engagement with law enforcement and industry partners to foster a secure and compliant environment [1].

T3 FCU’s rapid progress has been attributed to the combined expertise of TRON, Tether, and TRM Labs. Paolo Ardoino, CEO of Tether, emphasized that the unit’s success reaffirms the belief that blockchain can be a transparent and secure financial infrastructure when used responsibly [1]. Chris Janczewski, Head of Global Investigations at TRM Labs, noted that the milestone of exceeding $250 million in frozen assets demonstrates the potential of public-private partnerships in fighting financial crime [1].

Nils Andersen-Röed, Global Head of the Financial Intelligence Unit at Binance, stated that the platform’s inclusion in T3+ reflects its commitment to aligning innovation with regulation and security [1]. He highlighted that collaboration is essential for blockchain’s long-term credibility and success.

The T3+ initiative is expected to play a key role in shaping the future of financial crime prevention in the digital asset space. By enabling real-time threat detection and cross-border enforcement, the program offers a model for how industry actors can support global regulatory efforts. As the regulatory environment for blockchain technology continues to evolve, T3 FCU is working to establish the infrastructure necessary for timely intervention and effective asset monitoring [1].

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Source:

[1] T3 Financial Crime Unit Launches “T3+” Global Collaborator Program; Over $250M in Criminal Assets Frozen as Binance Becomes First Member – (https://cryptoslate.com/t3-financial-crime-unit-launches-t3-global-collaborator-program-over-250m-in-criminal-assets-frozen-as-binance-becomes-first-member/)