Tron, Tether, TRM freeze $26.4M linked to European crypto laundering gang
Tron, Tether and TRM Labs worked with Spanish authorities to destabilize a pan-European crypto laundering scheme.
Spanish law enforcement, in collaboration with blockchain firms Tron, Tether and TRM Labs, has frozen $26.4 million in cryptocurrencies linked to a pan-European money laundering operation.
The operation involved collaboration with the T3 Financial Crime Unit, an anti-crime initiative launched in August 2024 by the three blockchain firms.
The investigation relied on police surveillance to identify the crime organization. Its crypto wallets were connected to illicit activities using Know Your Customer data from service providers to mark the T3 Unit’s largest coordinated freeze to date, adding to the $126 million recorded in its debut year.
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Author: Yohan Yun
