TRON DAO, the decentralized group behind the TRON blockchain, introduced that the newly shaped T3 Monetary Crime Unit (T3 FCU) process power has already frozen over $12 million in USDT linked to illicit actions.
In a Sept. 16 submit on X, TRON DAO acknowledged:
“Whereas others didn’t act, the T3 Monetary Crime Unit, in collaboration with legislation enforcement, had already frozen over $12 million in USDT on TRON tied to illicit actions.”
Whereas no additional particulars have been supplied, the group emphasised that this proactive motion strengthens belief and advances the crypto business by making certain higher safety.
Final week, TRON DAO launched a process power in partnership with TRM Labs and stablecoin issuer Tether to fight monetary crime involving USDT, the most important stablecoin, on the blockchain. Information from Tether reveals that almost half of its $118 billion USDT provide is hosted on the TRON blockchain, with about 39% on Ethereum.
Circle faces scrutiny
This improvement comes as Circle confronted criticism for its delayed motion in blacklisting a pockets linked to the North Korea-backed Lazarus Group.
On Sept. 14, blockchain investigator ZachXBT accused Circle of prioritizing revenue over the well being of the crypto ecosystem. He identified that Circle took over 4 months longer than different main stablecoin issuers to blacklist funds tied to the Lazarus Group.
He additional acknowledged that the corporate allowed cash laundering by way of its platform whereas portraying itself as a compliant ecosystem protector.
ZachXBT mentioned:
“Not as soon as has [Circle] ever blacklisted after a DeFi exploit / hack when there was ample time whereas [they] proceed to revenue off the transactions.”
Circle’s USDC is the second-largest stablecoin within the business, with a market capitalization of round $35 billion, in response to CryptoSlate’s information.
