Tether and Tron wound down the T3 Financial Crime Unit in late August, the unit said, after it reported freezing more than $450 million in illicit USDT with authorities in 23 jurisdictions. The report, published November 5, links the closure to a $6.3 billion Binance hack about two months later, a connection the body does not establish.
Tether and Tron ended a unit that said it had frozen more than $450 million in illicit USDT, leaving the reported $6.3 billion Binance hack without the enforcement channel the report describes.
Tether and Tron wound down the T3 Financial Crime Unit in late August, according to a report published November 5 by Bitcoin Magazine. The unit said it had frozen more than $450 million in illicit USDT in cooperation with authorities in 23 jurisdictions.
The report links the closure to a $6.3 billion hack at Binance about two months later. It does not state that the two events are connected beyond the timing, and it gives no account of why the unit was wound down or who decided to end it.
The report does not name any official at Tether, Tron or Binance, and it carries no statement from any of them on the closure or the hack.
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