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T3+ Launches With Binance to Fight Blockchain-Based Scams

Key Takeaways

  • ​T3 FCU has frozen over $250 million in illegal cryptocurrency activity since launching in September 2024;
  • The new T3+ program brings in partners like Binance to share data and act on threats faster;
  • TRON, Tether, TRM Labs, and Binance stress industry-wide teamwork to keep the crypto industry safer.

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T3+ Launches With Binance to Fight Blockchain-Based Scams

A group formed by TRON TRX $0.3403 , Tether USDT $0.9977 , and blockchain analytics firm TRM Labs has frozen over $250 million in crypto linked to illegal activity.

The team, called the T3 Financial Crime Unit (T3 FCU), is expanding its efforts through a new partnership program called T3+, with Binance $9.15B as the first participant.

T3 FCU was set up in September 2024 to detect and respond to suspicious blockchain transactions.

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The T3+ program aims to connect crypto exchanges, financial companies, and other key players, so they can share data quickly and respond collectively.

As part of this effort, the unit worked with Binance to stop around $6 million from being moved in a fraud case known as a "pig butchering" scam.

Binance said joining T3+ fits into its goal of improving security in the industry. Nils Andersen-Röed, who leads Binance’s financial intelligence team, said building trust in blockchain means everyone needs to take part in making sure the technology is not misused.

TRON’s founder, Justin Sun, said T3+ will help the group expand cooperation across the industry and react to threats as they happen. He emphasized that joint efforts between companies and law enforcement are key to making the crypto industry safer.

TRM Labs, which provides technical expertise for the group, said the results show that this model of teamwork can scale across borders. According to Chris Janczewski, who leads global investigations at TRM Labs, it also shows how law enforcement and private firms can operate together more effectively.

Arkham Intelligence, a blockchain analytics firm, recently reported that it identified a Bitcoin theft that went unnoticed for years. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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