Tron and Tether bring in Chainalysis after T3 crime unit folds
Summary
Tron, Tether and Chainalysis launched the Digital Crime Task Force to detect illicit USDT activity on Tron and provide law enforcement with leads to trace and freeze funds. Its targets include scams, theft, terrorist financing, North Korean cyber operations and cartel laundering. Tether says it has frozen more than $7 billion in USDT to date. The initiative follows reports that the prior T3 Financial Crime Unit, formed by Tron, Tether and TRM Labs, disbanded amid coordination problems. The report highlights Tron USDT’s use in Cambodian casino flows and in laundering proceeds from major hacks, including Bybit and Binance; Tether froze some funds linked to the Binance theft.
