Tether, the issuer of the USDT stablecoin, has partnered with the Tron network and blockchain intelligence firm TRM Labs to establish a new private financial crime unit called the T3 Financial Crime Unit (T3 FCU).

The T3 FCU will focus on identifying and freezing USDT transactions associated with illegal activities such as terrorism, sanctions evasion, theft, hacking, cybercrime, and fraud on the Tron blockchain.

Tron will provide its technical expertise to the unit, while Tether will contribute through its external investigations team. The collaboration aims to promote public-private cooperation to combat illicit use of USDT on the Tron network.

The T3 FCU has already taken steps to make the crypto industry safer and more secure, including freezing more than $12 million in USDT linked to illicit activities.

Source: https://cointelegraph.com/news/tether-tron-private-financial-crime-unit

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