Binance Joins $250 million Crypto Crime Taskforce with Tether, TRON

- Binance becomes a key member of T3+, a $250 million initiative against illicit blockchain activities. - The program aims to enhance global collaboration between private companies and law enforcement. Binance has officially joined T3+, an expanded global initiative focused on tackling cryptocurrency-related crime. The program, which extends the original T3 Financial Crime Unit (T3 FCU), was launched by TRON, Tether, and blockchain analytics firm TRM Labs in September 2024. On August 12, 2025, reports from The Block, Newsfile Corp., and Binance’s blog described T3+ as a crucial effort to streamline cross-border investigations and bolster blockchain monitoring. T3+ unites private sector companies, like exchanges and financial institutions, with public sector entities, including global law enforcement agencies. Its mission is to foster transparency within the cryptocurrency ecosystem and accelerate the identification and freezing of illicit assets. The initiative offers advanced monitoring tools and promotes inter-industry collaboration, which significantly amplifies the reach and impact of its predecessor, T3 FCU. Since its establishment, the T3 Financial Crime Unit has made considerable progress in the fight against financial crime. In its first year, the unit froze over $250 million in illicit assets and monitored more than $3 billion in transactions. Building on this success, Binance’s recent contribution through T3+ helped freeze nearly $6 million tied to a "pig butchering" scam—a coordinated cryptocurrency fraud targeting unsuspecting victims. On August 12, Binance’s Global Head of the Financial Intelligence Unit, Nils Andersen-Röed, stated in a Binance blog post, “This collaboration demonstrates the benefits of working together across the industry to achieve shared goals.” His remarks underscore the pressing need for partnerships that safeguard the cryptocurrency sector. According to Newsfile Corp. on August 12, Tether CEO Paolo Ardoino echoed this sentiment, highlighting the initiative's tangible outcomes by stating, “Freezing over $250 million in illicit assets in less than a year illustrates the power of industry collaboration in fighting criminal activity." These achievements underscore the necessity of collective action within the crypto ecosystem. The Block reported on August 12 that TRM Labs, a founding T3+ organization, found a 24% year-on-year decline in illicit crypto activity, noting that TRON saw the most pronounced improvement. This data highlights the growing effectiveness of coordinated industry efforts in reducing financial crime across the blockchain landscape. Meanwhile, market data from August 12 showed Tether (USDT) trading at $1.00, reflecting a slight 24-hour change of -0.013%. In addition, TRON (TRX) was trading at $0.353, showing a 2.148% increase in its 24-hour trading volume.