Tether, Tron and TRM Labs Help Freeze $126 Million in USDT Linked to Crime
A coalition formed by Tether, Tron, and TRM Labs is working with law enforcement agencies across the world to stamp out crypto-related crime.
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A coalition formed by Tether, Tron, and TRM Labs is working with law enforcement agencies across the world to stamp out crypto-related crime.
Stablecoin leader Tether has seen its market value decline amid new European Union cryptocurrency rules. The company's USDT just had its sharpest weekly drop in two years, Coindesk reported Thursday (Jan. 2), leading to concerns about market volatility.
T3 Financial Crime Unit, started by Tron blockchain, stablecoin issuer Tether, and TRM Labs in September, has frozen $100 million in illegal USDT.
The T3 Financial Crime Unit, a joint effort by Tether, TRON, and TRM Labs, has frozen over $100 million in criminal assets.
“Cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets,” Tether CEO Paolo Ardoino said in April.
Tether's U.S. dollar stablecoin witnessed its biggest downturn since FTX collapsed during the lethargic 2022 crypto market period.
Tether, Tron, and TRM Labs' joint initiative successfully freezes $100M in USDT through blockchain analysis, marking a major win against crypto-based financial crimes.
Tether's USDT has experienced its largest weekly drop in market capitalization since the FTX collapse of November 2022.
T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents. Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized schemes that rely on blockchain transactions.
TL;DR The T3 Financial Crime Fighting Unit, formed by Tron, Tether, and TRM Labs, has frozen 100 million USDT linked to illicit activities. The unit uses blockchain intelligence tools to track and block malicious funds, monitoring over 3 billion USDT, mainly on the Tron blockchain.
In a latest development, the T3 Financial crime unit has hit a milestone of 100 million frozen USDT on Tron targeting a wide variety of bad actors, since the unit was formed in September. This marks a significant milestone in its fight against cryptocurrency-related financial crime.
TL;DR Tether (USDT) has suffered a drop of more than 1% in its market capitalization due to the implementation of MiCA regulation in the European Union. Several European exchanges have removed USDT from their offerings. However, the impact is mitigated by Tether's strong presence in markets outside the EU.
During the last week, the stablecoin Tether (USDT) has recorded a significant market cap loss due to MiCA.
The T3 Financial Crime Unit, a collaboration between Tron, Tether, and TRM Labs, has frozen $100 million in USDT linked to unlawful activities.
Tether's market cap has experienced a sharp 1% decline, falling from $140 billion to $137 billion, following the implementation of the EU's Markets in Crypto Assets (MiCA) regulations.
The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether (USDT) remains strong even as the largest stablecoin by market cap faces mass delisting.
The unit is a joint venture between Tron, TRM Labs and Tether.
Tether's market cap has declined by over 1% this week, the steepest drop since the crash of FTX in November 2022.
With MiCA regulation coming into full force in the EU, the future of USDT, Tether's flagship stablecoin, faces mounting uncertainty.
In the dynamic and ever-changing crypto market, on-chain financial products have emerged as a beacon for investors, offering stable returns and robust security.
With nearly $20 billion in USDT minted in just the past month, Tether's business model is a gold mine that's hard to beat. Let's break down why this cash-printing machine called Tether is setting the standard in the financial world.
One of the largest cryptocurrency exchanges, made the headline-grabbing decision to delist Tether's USDT. This move followed the implementation of the European Union's MiCA (Markets in Crypto Assets Regulation), which went into effect on December 30, 2024.
Vendors at South Korea's Dongdaemun Market say there is no truth in reports claiming they are turning en masse to USDT payments. The post South Korea: Dongdaemun Market Vendors Deny ‘USDT Pay Adoption' Reports appeared first on Cryptonews.
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