Mars Finance News, on August 12, Binance announced that it has become the first member to join the T3+ program - a global collaborative project aimed at combating illegal activities on the blockchain. The T3+ was initiated by the T3 Financial Crime Unit (T3 FCU), a joint initiative established by crypto industry participants TRON, Tether, and TRM Labs, designed to promote public-private sector cooperation in addressing illegal use of blockchain technology. Since its establishment in September 2024, the T3 FCU has frozen over $250 million in illegal proceeds globally and closely collaborated with law enforcement agencies across five continents to combat criminal networks in real-time. Binance has participated in the first successful case, successfully freezing nearly $6 million in illegal funds involving "pig butchering" scams. Nils Andersen-Röed, Head of Global Financial Intelligence at Binance, stated: "At Binance, we are committed to driving a maturing crypto ecosystem where innovation, compliance, and safety develop in synergy. Joining the T3+ program reflects our proactive collaboration with industry partners and law enforcement to combat illegal activities in real-time."
Binance becomes first member of T3+ global partnership to combat blockchain-related crime
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