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Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate.
TRON, stablecoin issuer Tether, and blockchain forensic firm TRM Labs unveiled a strategic partnership on September 10, launching the T3 Financial Crime Unit (FCU) to combat illegal USDT transactions on the TRON blockchain.
TL;DR Tether, TRON and TRM Labs create the T3 Financial Crime Unit (T3 FCU) to combat crypto crimes. The unit has facilitated the freezing of over 12 million USDT linked to fraud and extortion. TRM Labs will provide support in identifying transactions related to illegal activities.
Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin.
The leading stablecoin issuer Tether has teamed up with TRON blockchain and TRM Labs to curb crypto scams. The new collaboration primarily focuses on establishing a new financial crime unit that aims to fight illicit activities involving USDT.
As meme coin launchpad SunPump fails to launch more than 1,000 tokens for the second day in a row, Tron's TRX has fallen out of the top 10.
Tether joins forces with TRON and TRM Labs to bolster the fight against crypto crimes.
Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.
This partnership combines TRM Labs' blockchain intelligence, TRON's technical expertise, and Tether's investigation capabilities. Together, they are making significant strides toward a safer crypto environment.
The collaboration enhances the security of the crypto ecosystem, deterring illicit activities and fostering trust in digital assets. The post TRON, Tether, and TRM Labs unite to launch T3 Financial Crime Unit appeared first on Crypto Briefing.
The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.
In August 2024, TRON DAO experienced remarkable growth across key metrics, as outlined in their latest monthly report. The blockchain saw a rise in revenue, increased trading volume, and consistent total value locked (TVL), making it one of the most active networks in the crypto space.
TRON, Tether, and TRM Labs have launched the T3 Financial Crime Unit to collaborate on combating illicit activity related to USDT on the TRON blockchain.
Bitcoin (BTC) is inching towards the $57,000 mark after registering an almost 4% increase over the past 24 hours. BTC bulls are trying to push the price back inside the range, indicating that markets have rejected the current breakdown.
The joint initiative targets illicit activity involving USDT on the $13 billion Tron blockchain.
Solana's meme coin launchpad Pump.fun is actively defending its market share against Tron's SunPump, which entered the space in early August.
SunPump, one of the most innovative projects in the cryptocurrency landscape, has recently announced a strategic partnership with OKX Wallet, the main goal of this collaboration is to improve the trading of meme coin on the Tron blockchain.
The price of TRON (TRX) fell below the 21-day moving average, triggering a move between the moving average lines.
BitTorrent's BTT token has seen a significant uptick in price, posting a 16% jump in the past 24 hours and an almost 14% gain over the last week.
Tron founder Justin Sun recently shared on X that Warren Buffett, CEO of Berkshire Hathaway, has held Tron (TRX) for over four years, resulting in a remarkable 1000% increase.
Tron (TRX), the native token of the Layer-1 blockchain, has caught the attention of a crypto currency analyst who highlights the token's impressive performance, despite the volatility in the broader altcoin market. Over the past month, TRX has surged by more than 20%, positioning itself as one of the top performers in the crypto space.
After a continuous price drop of over 12% in recent days, Tron (TRX) is now poised for an upside rally, as its price action and on-chain metrics hint at bullishness. Following its breakout of a strong resistance level of $0.145 has soared more than 16% and never retested.
TRON (TRX) price has recently experienced a price rebound, indicating a potential shift in market dynamics. For several weeks, TRON's trading pattern has remained largely sideways as both bulls and bears vied for control.
The crypto ecosystem has always been vulnerable to malicious actors looking to steal user funds.
