While scam incidents have been increasing recently, a move came from TRON, Tether and TRM Labs.
According to Coindesk, Tron (TRX), Tether, and TRM Labs announced that they have joined forces to fight cryptocurrency crimes.
While the news drew attention to a report dated 2023, the report stated that approximately 45% of illegal cryptocurrency activities took place on the TRON blockchain.
“Tether, TRON, and TRM Labs today announced that they have joined forces to establish the T3 Financial Crimes Unit (T3 FCU), a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activities associated with the use of USDT on the TRON blockchain.
“This new collaboration brings together the financial crime-fighting expertise of TRM Labs, a leading blockchain intelligence firm; the technical expertise of TRON, a leading global blockchain and DAO; and the external investigations team at Tether, the largest company in the digital asset industry, to create a safer and more secure crypto community for everyone.”
“TRM is proud to partner with TRON, Tether, law enforcement, and others who are committed to helping create a safer blockchain industry for everyone,” said Chris Janczewski, head of global investigations at TRM Labs.
*This is not investment advice.