This partnership combines TRM Labs’ blockchain intelligence, TRON’s technical expertise, and Tether’s investigation capabilities.
Together, they are making significant strides toward a safer crypto environment. Let’s discover more about this news related to Tether.
Collaborative Efforts to Combat Crypto-Related Illicit Activity
Since its inception, the T3 FCU has worked with law enforcement to freeze over USDT 12 million linked to blackmail scams. Also, investment fraud, and other illegal activities. So far, police have identified 11 victims, with the expectation of uncovering more as investigations continue.
Stablecoins like USDT play a crucial role in the digital asset industry, facilitating transactions and liquidity with low fees and price stability. USDT, with a market capitalization of over $117 billion, has more than half of its circulating supply on the TRON blockchain.
Source: X
However, the same benefits attract legitimate users. Such as ease of use and minimal volatility—also appeal to scammers and criminal actors. As the TRON blockchain grows in popularity, its vulnerability to illicit activity increases as well.
More About T3 FCU
The creation of the T3 FCU marks a major step toward safeguarding TRON’s blockchain by preventing malicious actors from laundering the proceeds of crime. TRM Labs will provide ongoing support in detecting suspicious transactions linked to terrorism, sanctions evasion, cybercrime, and fraud.
Justin Sun, founder of TRON, emphasized the project’s commitment to using blockchain technology for good, saying, “By collaborating with TRM Labs and Tether, TRON is helping ensure that blockchain technology is used to make our world a better place.”
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