The T3 Financial Crime Unit, a joint initiative between Tether, TRON and TRM Labs, announced on May 14 that it has frozen more than $450 million in illicit crypto assets since its launch, marking one of the largest private-sector enforcement efforts in digital asset history.

T3 FCU was established on September 10, 2024, when Tether, TRON and TRM Labs created what they called the first private-sector financial crime unit dedicated to combating crypto crime. In its first weeks, the unit froze over 12 million USDT.

That initial figure has since grown to more than $450 million in frozen illicit assets globally. The unit said it intercepted 43.9% more illicit proceeds in 2025 than in the previous year, and now coordinates with regulatory agencies and government partners across 23 jurisdictions.