Tron, Tether and the Blockchain Forensikbetrieb TRM Labs start T3 Financial Crime Unit (FCU)

Von Sophie Müller

  • tron, Tether and TRM Labs start T3 FCU to combat illegal USDT transactions.
  • T3 FCU frozen $ 12 million in fraudulent USDT and identified 11 suspects.
  • Although Circle hired the character of USDC, Tron has shaped $ 19 billion in USt this year.

tron, the stable coin emittent Tether and the blockchain forensics company TRM Labs have announced a groundbreaking partnership to combat illegal transactions with USDT Tron blockchain.

This strategic alliance led to the foundation of the T3 Financial Crime Unit (FCU), an innovative initiative with the aim of disturbing and smashing criminal networks that use the tron ​​network for illegal activities.

T3 Department of Financial Crime (FCU)

The foundation of the T3 Financial Crime Unit (FCU) is a reaction to the increasing spread of criminal activities in the tron ​​network, including fraud and dizziness.

tron, known for its extensive ecosystem and its high transaction volume, has become an important player on the StableCoin market. With over 240 million users and 8.4 billion transactions, the low transaction fees and the stability of tron ​​have attracted a considerable amount of legitimate activities.

However, these characteristics also attracted the attention of criminals, including terrorists and money washer. The role of the network in the facilitation of illegal transactions is underlined by the Current report by trm labs Stablecoin, in 2023 in illegal funds worth over $ 19 billion, was involved in the value of over $ 19 billion, with Tron being responsible for 45 % of these transactions.

By using real-time data and advanced analyzes, the T3 FCU aims to pursue and combat the river of illegal USDT transactions. Their efforts have already had a noticeable effects: over 12 million USD to USDT that are connected to fraudulent machinations were frozen.

In cooperation with global law enforcement authorities from Great Britain, the USA and Australia, the T3 FCU has also identified eleven perpetrators, and further is expected in the course of the investigation.

circle stops the stamping of USDC on the tron ​​blockchain

in a development associated with the associated development, the issuer of USDC, in February Tron-Blockchain and referred to concerns about risk management in the face of increasing regulatory controls.

Nevertheless, Tron continues to play a leading role on the StableCoin market. In August 2024, Tether shaped another 1 billion USDT on the blockchain, which means that the total of the USD characterized at $ 33 billion, whereby Tron is

The introduction of the T3 Financial Crime Unit is a proactive step to cope with the challenges of illegal activities within the blockchain ecosystem and reaffirms Trons Engagement for a safe and transparent digital financial environment.

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Source: Coinlist.me