Binance has become the first member of T3+, a global anti-crime initiative launched by TRON, Tether, and blockchain analytics firm TRM Labs. The partnership enabled the freezing of $6 million linked to a 'pig-butchering' scam—where fraudsters lure victims into fake crypto investments—marking T3+'s inaugural operational success.
Since its September 2024 inception, the parent T3 Financial Crime Unit (FCU) has frozen $250+ million in illicit assets across five continents, analyzing over $3 billion in transaction volume. T3 FCU head Chris Janczewski highlighted that such public-private collaborations enable "scalable, real-time disruption of cross-border crimes", including money laundering and terrorism financing.
Binance's Nils Andersen-Röed emphasized that "collaboration is essential for blockchain's long-term credibility", aligning with the exchange's broader security strategy. This includes a new custody partnership with Spanish bank BBVA to rebuild trust post-2023 regulatory penalties. Tether CEO Paolo Ardoino noted the milestone demonstrates "what's possible when the industry unites", while TRON founder Justin Sun stressed expanded user protection capabilities.