T3 Financial Crime Unit, Backed by Tron, Tether, TRM Labs, Has Now Frozen $300M in Assets

T3 Financial Crime Unit, a crypto task force said it froze $300 million in tainted funds in its first year of operation, earning praise from international law enforcement and showing that the stablecoin industry is capable of cleaning itself up.

Formed at the end of 2024 from stablecoin issuer Tether, the Tron blockchain and TRM Labs, a blockchain intelligence platform, to clean stablecoin activity on Tron, the unit has evolved into a global enforcement model for blockchain security and signals a change in the way the crypto industry manages compliance and accountability.

The unit monitors transactions and coordinates high-profile seizures, including proceeds from “pig slaughter” scams and and organized crime networks in Europe. His investigations now span five continents, with recent recognition from Brazil’s Federal Police for his role in Operation Lusocoina major bust of money laundering, underlining how the public-private partnership is reshaping the prevention of financial crimes in crypto.

“Tether is deeply committed to maintaining the integrity of the financial ecosystem in collaboration with more than 280 law enforcement agencies around the world,” said Paolo Ardoino, CEO of issuer USDT in a statement.

The $300 million milestone follows a series of major application successes since the unit’s launch in September 2024.

From January 2025, T3 was frozen $100 million in illicit USDT, including $3 million linked to North Korean networks, and in August had break the $250 million mark while launching its T3+ Global Collaborator program.

This initiative, which brings exchanges and industry players in real-time coordination with law enforcement, started with Binance and has already led to the freezing of $6 million related to a pig slaughter scam.