Tether: T3 FCU has frozen over 300 million dollars of illegal funds
According to official news, the financial crime-fighting department T3, jointly created by Tether, Tron, and TRM Labs, announced that since its establishment in September 2024, it has frozen over $300 million in on-chain illegal assets.This month, the department collaborated with the Brazilian Federal Police to carry out Operation LusoCoin, freezing and seizing 4.3 million USDT related to a money laundering scheme, marking a milestone here.Although T3 works closely with global law enforcement agencies, illegal funds have still managed to escape regulation this year. In February, the North Korean hacker group Lazarus Group carried out an attack worth $1.5 billion on the Bybit exchange. As of July, the group has laundered $1 billion of stolen funds, making it the largest cryptocurrency theft in history.Tether CEO Paolo Ardoino stated that Tether is committed to collaborating with over 280 law enforcement agencies worldwide to maintain the integrity of the financial ecosystem, and reaching the $300 million milestone demonstrates the tangible impact of blockchain technology in combating financial crime.
