Tether, TRON, TRM Labs Freeze $450M in Illicit Crypto Assets

Tether, TRON, and TRM Labs announced that their T3 Financial Crime Unit has frozen over $450 million in illicit crypto assets globally since its launch in 2024. According to The Block, the unit reported a 43.9% increase in intercepted illicit proceeds in 2025, addressing hacks, DPRK-linked activities, terrorist financing, and violent crime cases. The unit collaborates with law enforcement across 23 jurisdictions, including the U.S., Spain, and Germany, executing asset freezes within 24 hours of requests. Tether CEO Paolo Ardoino emphasized the unit's growing impact and commitment to enhancing blockchain reliability.