Catenaa, Thursday, August 14, 2025-Binance has become the first member of T3+, the expanded global collaboration program launched by TRON, Tether, and TRM Labs to combat illicit crypto activity.
The initiative, part of the T3 Financial Crime Unit (T3 FCU), links exchanges, financial institutions, and law enforcement to enhance monitoring, accelerate investigations, and strengthen cross-border coordination.
Since its September 2024 inception, T3 FCU has frozen more than $250 million in criminal assets, including nearly $6 million in a coordinated effort with Binance to halt funds tied to a pig butchering scam.
The unit has monitored over $3 billion in transactions across five continents, providing real-time intelligence to authorities.
Data from TRM Labs indicates that illicit crypto activity declined 24 percent in 2024 to $45 billion, representing 0.4 percent of total transactions.
T3+ aims to expand collaboration across the blockchain ecosystem, enabling faster communication and joint action against fraud, money laundering, extortion, and terrorism financing.
Paolo Ardoino, Tether CEO, said the initiative demonstrates the power of collective action in securing the blockchain. TRON founder Justin Sun highlighted the program’s results as proof that public and private sectors working together can effectively curb financial crime.
Binance’s Global Head of Financial Intelligence, Nils Andersen-Röed, said joining T3+ reflects the exchange’s commitment to regulatory compliance and ecosystem security.
The program’s expanded membership is expected to improve the ability to track, freeze, and deter illicit crypto funds worldwide, reinforcing a model for future public-private partnerships as regulatory frameworks evolve.
