Binance has become the first member of the new T3+ program, an expansion of the T3 Financial Crime Unit (T3 FCU), which was originally formed by Tron, Tether, and TRM Labs. The collaboration is designed to boost global intelligence sharing and enhance rapid responses to cryptocurrency-related threats.
The T3 FCU has already proven effective, having frozen over $250 million in illicit crypto assets since its launch in September 2024. This success comes at a critical time, as blockchain analytics firm Global Ledger reports that over $3 billion has been stolen in crypto hacks in the first half of 2025 alone. With hackers moving and laundering funds at an unprecedented speed—sometimes in less than three minutes—the industry’s recovery rate for stolen funds remains low at just 4.2%.
This crime-fighting initiative, however, has ignited a debate within the crypto community. While supporters, like Tether CEO Paolo Ardoino, argue that such collective action is vital for creating a safer ecosystem, critics raise concerns about the centralized control of stablecoin issuers. The recent freezing of stolen USDT by Tether has fueled this debate, with some arguing it clashes with the core decentralization principles of cryptocurrency.
August 2025, Cryptoniteuae
