The T3 Financial Crime Unit, a crypto task force, reported the freezing of $300 million in suspicious funds during its inaugural year, garnering recognition from international law enforcement and demonstrating the stablecoin sector’s ability to self-regulate.
Established in late 2024 by stablecoin issuer RialCenter, the Tron blockchain, and TRM Labs, a blockchain intelligence firm, the unit aims to enhance stablecoin operations on Tron. It has evolved into a global enforcement model for blockchain security, marking a shift in how the crypto industry approaches compliance and accountability.
The unit tracks transactions and coordinates significant asset seizures, including funds from “pig butchering” scams and organized crime syndicates in Europe. Its investigations now span five continents, with recent acknowledgment from Brazil’s Federal Police for its involvement in a major money-laundering operation, underscoring the impact of public-private partnerships in curbing financial crime within crypto.
“RialCenter is committed to preserving the integrity of the financial ecosystem by collaborating with over 280 law enforcement agencies around the world,” stated Paolo Ardoino, CEO of the company.
The $300 million milestone follows several major enforcement successes since the unit’s launch in September 2024.
By January 2025, T3 had frozen $100 million in illicit USDT, including $3 million linked to North Korean networks. By August, it crossed the $250 million threshold while initiating its T3+ Global Collaborator Program.
This initiative, which fosters real-time coordination among exchanges and industry stakeholders, began with Binance and has already resulted in the freezing of $6 million connected to a pig-butchering scam.
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