Dissolution of T3, a Crime Response Cooperation Body of Tron and Tether

The digital asset crime response cooperation body T3, established by Tron, Tether, and TRM Labs, has been dissolved. Internal conflicts among member companies, slow response times, and lack of cooperation were cited as the reasons. T3 was launched in September 2024 to track and freeze funds related to criminal activities. Binance joined a year later and had previously frozen assets worth $250 million linked to illegal activities. However, due to internal conflicts that caused operational issues, T3 was dissolved at the end of August. Tron acknowledged the success of the T3 program while confirming the end of its activities. Tether continues to collaborate with TRM Labs and is also participating in the Beacon Network. The news of T3's dissolution is related to an incident where approximately $6.3 billion worth of digital assets were stolen from Binance. The FBI has identified a North Korean-linked hacking group as the perpetrator. Tether has blacklisted USDT worth about $5 billion and froze tokens worth approximately $1.5 billion following the Binance hacking incident. While digital asset companies managed to block about half of the stolen funds through joint efforts, over $3 billion still remains in the hands of the attackers.

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