March 26, 2025 – The pioneering collaboration between T3 Financial Crime Unit (T3 FCU), Tether, Tron and Trm Labs today announced a $9 million freeze, the biggest bi-bit hack in history.
“T3 FCU is restructuring how the industry responds to illegal activities. Justin Sun, founder of Tron. “In today’s blockchain environment, bad actors can no longer work with immunity. Accountability is not an issue if you are abusing the system, but when.”
“Tether remains unshakable in his commitment to stop illegal actors on their trucks,” he said. Tether CEO Paolo Aldoino. “Through the T3 FCU, we demonstrate that bad actors have more and less places to hide. Working closely with partners and global law enforcement, we ensure that Stablecoin technology is not only transformative, but also safe, transparent and resilient to exploitation.”
Ari Redbord, Global Policy Head, TRM LabsAdded: “Speed and accuracy are everything about crypto investigations. As fraudsters become faster and bolder, the T3 is a model of how to disrupt financial crime with internet speeds. Combining real-time intelligence with rapid adjustments and thwarting, we were able to track and freeze illegal funds from Bibit Hacks.
Released in September 2024, the T3 FCU has acquired more than $150 million in criminal assets across five continents in over six months, quickly cementing its role as a global leader in crypto crime prevention. Bybit News shows only the latest T3 FCU success story, following the recent success of working with Spanish Guardia citizens. This is a $26.4 million freeze related to sophisticated money laundering operations across multiple European jurisdictions.
For more information about the T3 FCU and its initiatives, follow @T3_FCU on X.
About the T3 Financial Crime Unit (T3 FCU)
The T3 FCU is the first private sector initiative launched in September 2024 by Tether, Tron and TRM Labs, to combat illegal activities on the blockchain. This groundbreaking public-private partnership works directly with law enforcement agencies around the world to identify and disrupt criminal networks. Since its inception, T3 FCU has frozen more than $150 million in criminal assets across five continents, establishing its ability to respond quickly to threats, demonstrating how industry collaborations can effectively combat financial crime while supporting blockchain innovation.
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