T3, a financial crime-fighting unit (FCU) founded by stablecoin issuer Tether, Tron, and TRM Labs, announced that it has frozen more than $300 million USD in illegally sourced onchain assets since its launch in September 2024.
The group surpassed the landmark this month after working with the Brazilian Federal Police on Operation Lusocoin to freeze and seize 4.3 million USDT linked to a money laundering scheme.
While the FCU has worked closely with global authorities, illicit funds have still managed to slip through the cracks this year, notably in Bybit’s $1.5 billion hack in February, carried out by North Korea’s Lazarus Group. As of July, the Lazarus Group had already laundered $1 billion of the stolen funds, making it the largest successful crypto hack ever.
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