The T3 Financial Crime Unit has frozen over $450 million tied to suspected illicit crypto activity since its launch in 2024. The effort involves Tether, Tron, and TRM Labs in partnership with law enforcement agencies.
The T3 Financial Crime Unit, backed by Tether, announced it has frozen more than $450 million in funds connected to illegal crypto operations. The unit began operations in 2024 and has since expanded its work globally.
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Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.
The United States has seized about $1 billion worth of cryptocurrency tied to Iran, Treasury Secretary Scott Bessent said.
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The UK government has introduced strict new rules capping political donations from British citizens abroad at £100,000 annually and imposing an immediate moratorium on cryptocurrency contributions. The measures, prompted by scrutiny of large gifts from a Tether-linked billionaire to Reform UK, aim to curb foreign financial influence. Communities Secretary Steve Reed described the threat as more acute due to tracing challenges with overseas funds and crypto.
US authorities have charged three men with a series of violent robberies targeting cryptocurrency holders across California. The spree netted $6.5 million in digital assets from victims in Los Angeles and the San Francisco Bay Area.