T3 FCU, a group consisting of Tron, Tether, and TRM Labs, helped Spanish authorities freeze $26.4 million used in a crypto money laundering operation.

Although law enforcement did not mention any arrests in this case, this collaboration still managed to expose and financially hamstring a major international crime ring.

T3 FCU Strikes Back at Crypto Crime

In recent months, the T3 Financial Crimes Unit (FCU) has become a popular name in crypto security. The unit has been actively taking on several high-profile cases. The group formed last September out of an alliance of Tron, Tether, and TRM Labs, and it froze a $100 million money laundering operation this month.

According to a new report, the group helped Spanish authorities bust a similar ring this week.

“This [criminal] organization moved millions across borders, using both cash and crypto to help criminal groups launder their profits. Working with T3 FCU, we were able to freeze more than $26.4 million in assets. This partnership gives law enforcement powerful new capabilities in our fight against organized crime,” a Guardia Civil spokesperson said.

This criminal group operated in several European nations, but the public-private partnership between Spanish law enforcement and T3 FCU successfully tracked its operations.

TRM Labs is a major blockchain intelligence platform, consistently tracking large crypto crimes and Go to Source to See Full Article
Author: Landon Manning