Bitcoin

TRON

<h4><strong>This partnership combines TRM Labs’ blockchain intelligence, TRON’s technical expertise, and Tether’s investigation capabilities. </strong></h4> 
<p>Together, they are making significant strides toward a safer crypto environment. Let’s discover more about this news related to Tether.</p> 
<h5><strong>Collaborative Efforts to Combat Crypto-Related Illicit Activity</strong></h5> 
<p>Since its inception, the <a href="https://tether.io/news/tether-tron-and-trm-labs-establish-first-ever-private-sector-financial-crime-unit-to-combat-crypto-crime/" target="_blank" rel="noopener">T3 FCU</a> has worked with law enforcement to freeze over USDT 12 million linked to blackmail scams. Also, investment fraud, and other illegal activities. So far, police have identified 11 victims, with the expectation of uncovering more as investigations continue.</p> 
<p>Stablecoins like <a href="https://www.altcoinbuzz.io/?s=usdt" target="_blank" rel="noopener">USDT</a> play a crucial role in the digital asset industry, facilitating transactions and liquidity with low fees and price stability. USDT, with a market capitalization of over $117 billion, has more than half of its circulating supply on the <a href="https://www.altcoinbuzz.io/?s=tron" target="_blank" rel="noopener">TRON blockchain</a>.</p> 
<p><img decoding="async" class="wp-image-150396 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvvcbngnfggfgfh-300x227.png" alt="" width="578" height="437" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvvcbngnfggfgfh-300x227.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvvcbngnfggfgfh-80x60.png 80w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/vcvvcbngnfggfgfh.png 395w" sizes="(max-width: 578px) 100vw, 578px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/paoloardoino/status/1833483354533945653" target="_blank" rel="noopener">X</a></strong></h6> 
<p>However, the same benefits attract legitimate users. Such as ease of use and minimal volatility—also appeal to <a href="https://www.altcoinbuzz.io/?s=scammers" target="_blank" rel="noopener">scammers</a> and criminal actors. As the TRON blockchain grows in popularity, its vulnerability to illicit activity increases as well.</p> 
<h5><strong>More About T3 FCU</strong></h5> 
<p>The creation of the T3 FCU marks a major step toward safeguarding TRON’s blockchain by preventing malicious actors from laundering the proceeds of crime. TRM Labs will provide ongoing support in detecting suspicious transactions linked to terrorism, sanctions evasion, cybercrime, and fraud.</p> 
<p>Justin Sun, founder of TRON, emphasized the project’s commitment to using blockchain technology for good, saying, “By collaborating with TRM Labs and Tether, TRON is helping ensure that blockchain technology is used to make our world a better place.”</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/tether-tron-and-trm-labs-unite-to-fight-crypto-crime/">Tether, TRON, and TRM Labs Unite to Fight Crypto Crime</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Tether, TRON, and TRM Labs Unite to Fight Crypto Crime

Altcoin Buzz

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