Over $300 million in cryptocurrencies linked to cybercrime and fraud schemes have been frozen for 2 impartial initiatives involving regulation enforcement and personal firms.
One of many initiatives is the T3+ International Collaborator program, launched by the T3 Monetary Crime Unit (T3 FCU). It is a joint effort rolled out by intelligence firms TRM Labs, Tron and Tether nearly a 12 months in the past, with Binance becoming a member of as the primary official member.
Greater than $250 million in felony property worldwide have been frozen because the program was launched in September 2024, in keeping with Intelligence Diment Agency Labs.
This features a notable $6 million freeze in a joint motion with Binance in opposition to the perpetrators of the “romance bait” rip-off.
“Since its launch in September 2024, T3 FCU has been working intently with regulation enforcement companies world wide to determine and disrupt felony networks,” reads the TRM Labs announcement.
“The unit analyzes tens of millions of transactions throughout 5 continents and displays totals of over $3 billion,” the corporate stated.
Since its launch, T3 FCU has supported regulation enforcement companies world wide and has supported investigations into cash laundering, funding fraud, tor, terrorist financing and different severe monetary crimes.
The second initiative is a joint US-Canada operation supported by blockchain intelligence specialists in chain analytics.
The collaboration concerned two operations: Challenge Atlas, led by the Ontario Police (OPP) and Operation Avalanche, led by the British Columbia Securities Fee (BCSC).

Supply: Chain Evaluation
In accordance with the Blockchain Knowledge Platform, these research have revealed greater than $74.3 million in losses associated to various kinds of fraud within the final six months, with a big portion of those volumes frozen.
“Challenge Atlas, a really international attain, has recognized over 2,000 crypto pockets addresses linked to fraud victims in 14 nations, together with Canada, the US, Australia, Germany and the UK.”
“We labored instantly with Tether to blacklist over $50 million on USDT, stopping fraudsters from shifting or liquidating these stolen property,” the corporate stated.
The 2 initiatives mix coordinated analysis sprints with structured international collaboration to detect and intervene on the blockchain degree, considerably hindering revenues from motion or spending fraud.