TRON, Tether, and TRM Labs set up a unit to fight financial crimes

TRON, Tether, and TRM Labs have joined forces to create a unit to combat financial crimes — T3 Financial Crime Unit (T3 FCU). This is an innovative initiative aimed at fighting illegal activities involving the USDT stablecoin on the TRON blockchain.

Supporting the security of the cryptocurrency community

According to a statement by TRM Labs, T3 FCU leverages the expertise of its partners to create a safer environment in the cryptocurrency industry. The unit closely collaborates with industry leaders and law enforcement agencies to protect users from fraud and other criminal activities.

Protection from criminals

USDT often becomes a target for scammers due to its stability and ease of use. T3 FCU aims to address these issues while maintaining all the advantages of blockchain technology.

The head of global investigations at TRM Labs noted that as the popularity of stablecoins grows, so does the need for actively developing capabilities to combat illegal activities. This requires constantly updating strategies to counter evolving crypto-related crimes.

The CEO of Tether emphasized that the company's top priority is protecting the integrity of the blockchain ecosystem. They bear the responsibility of ensuring the security of the digital asset market as one of the key players.

T3 FCU's initial successes

Since its creation, the T3 FCU unit has already frozen over $12 million linked to various criminal schemes. This demonstrates a proactive approach in protecting the TRON network and its users from financial threats, contributing to the safety and prosperity of digital assets.