🔥 $100M in USDT Frozen on Tron Blockchain
posted 2 Jan 2025
Established by Tron, TRM Labs, and Tether, T3 FCU has halted more than $100M in USDT stablecoins within a few months of operation.
Analysts conducted a comprehensive review of over one million transactions and $3 billion worth of assets, leveraging advanced tools developed by TRM Labs, a company at the forefront of blockchain analytics and cybersecurity. A significant portion of the frozen funds—$65 million—was tied to money laundering activities.
Blockchain is a bad place to do money laundering because it's so transparent. We can confirm victim reports on a public blockchain and even identify other victims, a level of insight that just isn't possible with traditional financeexplained Chris Janczewski, Global Investigations Lead at TRM Labs.
According to Janczewski, the unit has concentrated its efforts on addressing a broad spectrum of crimes, including money laundering, investment fraud, drug trafficking, hacks, terrorism financing, extortion, and the forced seizure of digital assets. The frozen funds are expected to be returned to victims soon.
Detailed breakdown of frozen funds. Source: Tron DAO official account.
The Tron blockchain hosts approximately $60 billion in USDT tokens, making it the second-largest network after Ethereum, which holds $75 billion. Tron’s large liquidity, combined with its low fees and active social media promotion, has made it an attractive target for fraudulent activities.
Janczewski is confident that effectively freezing illicit assets serves as a deterrent, reinforcing the inevitability of accountability. To advance this effort, T3 FCU aims to bolster international cooperation and accelerate the adoption of state-of-the-art monitoring solutions.
