This unit analyzed millions of transactions worldwide and tracked over 3 billion USDT in transaction volume. According to T3’s statements, these efforts are specifically focused on monitoring the stablecoin USDT traded on the Tron blockchain and freezing funds linked to illegal activities.

T3 aims to help Tron and Tether detect and freeze USDT linked to illegal activities using TRM Labs’ blockchain monitoring and intelligence tools. USDT stands out as a stablecoin that currently ranks second after Ethereum with a transaction volume of close to $75 billion.

There is approximately $60 billion USDT on the Tron blockchain, which once again reveals the need to monitor transactions related to illegal activities at a time when Tron attracts attention with its high transaction volume.

Chris Janczewski, Head of Global Investigations at TRM Labs, stated that money laundering activities are one of the biggest sources. Money laundering is carried out by companies hired to launder illicit funds, especially on the dark web.

Additionally, investment frauds, illegal drug trade, terrorism financing, blackmail scams, cyber attacks, vulnerabilities and violent crimes are also among the reasons behind frozen funds.

Janczewski emphasized the importance of efforts to prevent these illegal activities and pointed out that the transparent structure of blockchains creates a major obstacle for criminals.

The transparent nature of blockchains makes it easier to track and identify funds, so more information can be gained about illegal transactions and actors.

According to T3’s statement, most of the frozen USDT is linked to North Korea. It is known that North Korea has participated in money laundering activities in recent years to ensure government financing, especially by infiltrating crypto projects.

In this context, the US Treasury Department announced in December that it had taken some measures to prevent North Korea’s money laundering activities using cryptocurrencies.

In his statement, Janczewski stated that T3’s efforts will not only be limited to freezing illicit funds, but also support victims who manage to get these funds back.

He also noted that bad actors should think twice before committing illegal activities on blockchains, and that they hope to help platforms like Tron become more secure.

The activities of the T3 Financial Crime Unit stand out as an important collaboration between Tron, Tether and TRM Labs to increase the transparency and security of blockchain technology. This type of collaboration demonstrates how blockchain technology can be used more effectively to combat security and illegal activities.