Tether: T3 FCU has frozen over $300 million in illegal funds

robot
Abstract generation in progress

[Tether: T3 FCU has frozen over $300 million in illegal funds] According to official news, T3, a financial crime fighting department jointly created by Tether, Tron, and TRMLabs, 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 Federal Police of Brazil to carry out the Luso coin operation, freezing and seizing 4.3 million USDT related to money laundering schemes, marking a milestone here. Despite T3 working closely with global law enforcement agencies, illegal funds have still managed to evade regulation this year. In February this year, the North Korean hacking group Lazarus conducted an attack on a CEX exchange worth $1.5 billion. As of July, the group has laundered $1 billion of the stolen funds, making it the largest cryptocurrency theft in history. Tether's CEO Paolo Ardoino stated that Tether is committed to working with over 280 law enforcement agencies worldwide to maintain the integrity of the financial ecosystem. The achievement of the $300 million milestone demonstrates the tangible impact of blockchain technology in combating financial crime.

TRX-0.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)