Tron and Tether bring in Chainalysis after T3 crime unit folds
Tron, Tether and Chainalysis have formed a Digital Crime Task Force to identify and disrupt illicit activity involving USDT stablecoin on the Tron blockchain, following the disbandment of their previous unit.
The Digital Crime Task Force will leverage Chainalysis' data and AI tools to flag suspicious activity and provide law enforcement with leads to trace and freeze funds. This announcement comes after Bloomberg reported that the T3 Financial Crime Unit, which Tron and Tether formed with TRM Labs in 2024, disbanded in late August due to slow responses and poor coordination.
Crime Priorities
The task force will focus on investment and romance scams, crypto theft, terrorist financing, North Korean cyber operations, and cartel money laundering. Tether CEO Paolo Ardoino emphasized the evolving criminal tactics, stating: 'Criminals are using AI to move faster than ever, and waiting for a victim to report a crime is no longer good enough.'
Criminals are using AI to move faster than ever, and waiting for a victim to report a crime is no longer good enough.
Tron's Criminal Activity
USDT on Tron accounted for 99.9% of $1.07 billion received by 34 casinos in Sihanoukville, Cambodia, a hub for scam compounds. Following major hacks like the $1.5 billion Bybit breach and $6.3 billion Binance hack, stolen funds were converted to USDT on Tron before being frozen by authorities. North Korea has denied involvement in these attacks.
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