T3 Anti-Illicit-Finance Alliance of TRM Labs, Tether and TRON Disbanded in August

Nov 4: According to Bloomberg, the T3 Financial Crime Unit (T3 FCU), an alliance jointly launched by TRM Labs, Tether and TRON to combat illicit activity, was dissolved in August this year. People familiar with the matter cited slow response times and poor coordination as the reasons.

T3 FCU was established in September 2024 and was primarily responsible for tracking and freezing USDT on the TRON chain linked to illicit activity. In May this year, the alliance announced that it had cumulatively frozen more than $450 million in illicit assets, with partner law enforcement agencies spanning 23 jurisdictions across five continents.