Tron’s T3 Financial Crime Unit, formed through a partnership between Tron, Tether, and TRM Labs, has frozen $100 million in Tether’s USDT since its inception in September. 

The unit focuses on identifying and blocking illicit activities involving the stablecoin.

Crypto Money Laundering Remains a Critical Challenge

T3’s efforts included analyzing millions of transactions across five continents. According to a recent statement, the unit monitored over $3 billion in USDT transactions. 

TRM Labs provides blockchain intelligence tools to help identify and freeze funds tied to criminal activity on the Tron blockchain. 

With $60 billion in USDT circulating on Tron, it represents the second-largest stablecoin network after Ethereum. The most common source of frozen funds stems from “money laundering as a service,” where criminals use dark web services to clean illicit proceeds. 

Meanwhile, other targets include investment scams, drug trafficking, terrorism financing, blackmail, hacking incidents, and violent crime.

T3 also uncovered $3 million in USDT linked to North Korean actors. These funds were allegedly used to support the regime’s fundraising efforts through crypto exploits. 

Financial Crime and Crypto Regulation in Focus

Preventing money laundering has remained a central concern for both regulators and the crypto industry. This focus intensified in 2024 and is expected to remain a top priority in 2025.

Earlier in 2024, Binance faced a $4.4 million penalty

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Author: Mohammad Shahid