The T3 Financial Crime Unit (T3 FCU) combines TRM Labs’ anti-financial crime expertise with Tron’s technology and Tether’s investigative capabilities. Ahead of its official launch, the T3 FCU successfully collaborated with law enforcement to freeze over $12 million in USDT linked to criminal activities. In the latest development, USDT stablecoin issuer Tether announced its partnership…
September 11, 2024 at 02:30 AM GST updated: September 11, 2024 at 01:02 AM 2 mins read News Tether, TRON, and TRM Labs join forces in T3 FCU to combat $12M in USDT-linked fraud on the TRON blockchain. T3 FCU freezes over $12M USDT linked to fraud, boosting TRON network security against illicit activities. Over…
Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate. Over the past year, global authorities have raised alarms about the illegal use of USDT on TRON….
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin. Crypto Giants Tron,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Tether, TRON, and TRM Labs have teamed up to establish the T3 Financial Crime Unit (T3 FCU). This initiative aims to enhance public-private cooperation in combating illicit activities linked to using USDT on the TRON blockchain. This innovative development leverages TRM Labs’ expertise in anti-financial crime and TRON’s technical…
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing at 1.2% of total volume. Global…