T3 Alliance Dissolved in August Due to Slow Response and Poor Coordination

The T3 Financial Crime Unit (T3 FCU), an alliance initiated by TRM Labs, Tether, and TRON to combat illegal activities, was dissolved in August 2023. The reasons for the dissolution include slow response times and poor coordination. Established in September 2022, T3 FCU was primarily responsible for tracking and freezing USDT related to illegal activities on the TRON blockchain. In May of this year, the alliance announced that it had frozen illegal assets totaling over $450 million, with cooperating law enforcement agencies spanning 23 jurisdictions across five continents.

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