Binance aligns with Tron, Tether, and TRM Labs in $250M crypto crime crackdown

Binance has become a member of a new anti-money laundering initiative to tackle terrorism financing and other criminal activity involving cryptocurrency.

The partnership brings together high-profile industry players, including Tron and Tether, and blockchain intelligence firm TRM Labs in the fight against scams, hacks, and money laundering activity affecting billions of dollars in funds belonging to users and businesses around the globe.

The team has yielded major dividends in less than a year. It has now frozen over $250 million in illegal cryptoassets (more than double the amount reported seized during their first six months). 

From major investment frauds and ransomware attacks to blackmailing and terror financing, these assets relate to everything. The achievement highlights the depth of the threat to the crypto sector and the increasingly adept nature of collaborative strike-back in a more organized fashion.

T3 FCU freezes illicit crypto worldwide

Pooling resources, the group monitored suspicious deals worth billions of dollars and intercepted high-value assets before disappearing into hidden channels. New figures from the group show the sums are frozen in generic terms, making up thousands of individual cases across over 100 countries.

The new T3+ program broadens the reach of that unit by including exchanges, banks, and other industry participants to share intelligence in real time. The WEF has just announced that Binance will be the first to join, introducing global projects, which is a big step forward.

Binance’s inaugural collaboration with T3 FCU saw the exchange freeze nearly $6 million tied to long-term online fraud dubbed a “pig butchering” scam, bilking victims into fake investments.

This partnership will allow Binance compliance and security teams to work closely with T3 FCU analysts to help flag and freeze suspected funds faster than possible.

The founder of Tron, Justin Sun, said the move would broaden existing and new collaborations to curb illicit activity on the blockchain in real time. Tether CEO Paolo Ardoino stated that bad actors have nowhere to hide on the blockchain when companies collaborate.

Hackers speed up attacks, leaving less time to act

The alliance is, notably, timely. More than $3 billion in crypto was stolen in the first half of 2025, according to a report from Swiss blockchain analytics firm Global Ledger. Some of this activity happens in seconds, as hackers have been known to clean out an account within less than 3 minutes from when they first breached it.

Breach-to-funds-moved time averages 15 hours. The money is fully laundered in about 23% of cases before the public discovers the hack. The recovery rates are abysmal; in contrast, only 4.2% of the stolen funds were dealt with in the year’s first half.

Theft prevention is where centralized exchanges become critical, but in a race against time. The report said that about 15% of the illegal cryptocurrency goes through these platforms, adding that compliance teams typically have around 10–15 minutes to block suspect trades before funds vanish.

While in principle, T3 FCU has returned a lot of money, the means are inciting a lot of criticism from the crypto community. Tether froze $86k of stolen USDT. It was only last month that Tether popped up in the news headlines as it froze $86,000 of stolen USDT and prompted once again discussion over centralized control within an otherwise decentralized ecosystem.

Finally, critics have cautioned that enabling stablecoin issuers and exchanges to freeze particular transactions could undermine user autonomy. However, supporters say it is an essential tool to shield victims and keep faith in the system.

Industry leaders say that the best defence is to work together. Now that Binance is on board, T3 FCU likes to be in a position to respond faster and make the criminal community less agile.

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