T3 Financial Crime Suppression Unit has frozen a total of 100 million USDT on Tron since its establishment

PANews reported on January 2 that according to CoinDesk, the T3 Financial Crime Combating Unit (T3 FCU) jointly established by Tether, TRON and TRM Labs has frozen a total of 100 million USDT used by illegal actors since its establishment in September 2024.

T3 involves TRM Labs using its blockchain intelligence and monitoring tools to help Tron and Tether identify and freeze USDT associated with illegal activity. The USDT issued on the Tron blockchain is close to $60 billion, the largest issuance after Ethereum, which has just over $75 billion.

Chris Janczewski, global head of investigations at TRM Labs, said money laundering services are the largest source of frozen funds; investment fraud, illegal drugs, terrorist financing, extortion fraud, hacking, vulnerability exploitation and even violent crime are also targets. As much as $3 million of the frozen USDT is linked to North Korea, which has been actively trying to infiltrate crypto projects to raise funds for the country’s leadership regime. The U.S. Treasury Department announced in December that it had shut down North Korea’s money laundering network.