Bloomberg · Ryan Weeks ·

Tron, Tether, Binance, and TRM Labs' T3 Financial Crime Unit quietly dissolved in August due to slow response times, after freezing $250M in assets

An initiative set up by some of crypto's largest companies to curb illicit activity has quietly been dissolved …

In this story Binance T3 Financial Crime Unit Tether TRM Labs Tron

Tron, Tether, Binance, and TRM Labs' T3 Financial Crime Unit quietly dissolved in August due to slow response times, after freezing $250M in assets

Lead Source

Bloomberg — Tron, Tether, Binance, and TRM Labs' T3 Financial Crime Unit quietly dissolved in August due to slow response times, after freezing $250M in assets ↗

How this story grew

Coverage · 0 Discussion · 0

Nov 4Nov 5

Related stories

The Block: Brazil's largest crypto exchange Mercado Bitcoin halts withdrawals after a breach involving $46M+ in assets, per Arkham; Tether froze 4.5M+ USDT in response

The Information: Palmer Luckey-backed Erebor Bank ended its free stablecoin-to-cash redemption offer after crypto trading firms like Wintermute used it for arbitrage

The Block: Senator Blumenthal-led report: Tether's USDT is central to Iran's shadow banking system; 87% of 757 "terrorism"-related wallets predominantly transacted in USDT

Wall Street Journal: Crypto exchange CoinEx says it is closing, citing a lengthy downturn and rising compliance costs; a report said it moved $3B+ for Iran-linked wallets since 2019

New York Times: A look at the collapse of Zondacrypto, Eastern and Central Europe's biggest crypto exchange, which went dark in April and is facing money laundering allegations

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif