Tether, Tron, TRM Labs-led group freezes over $450M in illicit crypto

The T3 Financial Crime Group, a joint initiative by Tether (USDT), Tron (TRX), and TRM Labs, has frozen more than $450 million in illicit cryptocurrency assets worldwide since its launch in 2024, The Block reported. T3 is currently collaborating with law enforcement agencies in 23 countries, including the U.S., Spain, Germany, the Netherlands, and Bulgaria. The group supports investigations into exchange hacks, money laundering linked to North Korea, terror financing, kidnapping, home invasions, and other violent crimes.