From Startup Fortune · · 1m 30s
Tron Tether Chainalysis Launch Digital Crime Task Force
Tron, Tether and Chainalysis create group to freeze stolen USDT on Tron network.
In brief
Tron, Tether and Chainalysis create group to freeze stolen USDT on Tron network. Tron, Tether and Chainalysis launched a Digital Crime Task Force to freeze illicit USDT on Tron before criminals move it. Originally reported by Startup Fortune.
Digital Crime Task Force Launch
Tron, Tether and Chainalysis announced a private group to spot illicit USDT activity on Tron and freeze money before criminals move it.
“Criminals are using AI to move faster than ever, and waiting for a victim to report a crime is no longer good enough”
Who Leads the Task Force
Tron founder Justin Sun and Tether CEO Paolo Ardoino are the named faces of the launch.
Target List for Task Force
The group targets investment scams, romance scams, crypto theft, terrorist financing, North Korean cyber operations and cartel money laundering.
Tether's Freeze Record
Tether has frozen more than $7 billion tied to crime working with over 360 law enforcement agencies in 73 countries.
Previous Financial Crime Unit
In September 2024 Tron and Tether set up the T3 Financial Crime Unit with TRM Labs, a rival to Chainalysis.
T3 FCU Disbanded
Bloomberg reported T3 FCU was disbanded in late August with slow responses and poor coordination as the reason.
New Task Force Replaces Old Unit
The new group was announced about two and a half months after the old one quietly stopped.
Tether's Largest Freeze
Tether froze more than $344 million in USDT across two Tron network wallets following requests from OFAC and U.S. law enforcement.
Here's the gist
Tron, Tether and Chainalysis launched a Digital Crime Task Force to freeze illicit USDT on Tron before criminals move it.
