Crypto giants quietly disband T3 Financial Crime Unit, which had frozen $250 million in illicit assets

TechFlow reports that on November 5, according to Bloomberg, the T3 Financial Crime Unit, initiated by several leading companies in the crypto industry, has quietly disbanded, and no specific reason has been disclosed. The unit was co-founded in September 2024 by the organization behind the Tron blockchain, stablecoin issuer Tether, and blockchain analytics company TRM Labs, aiming to build a 'safer and more reliable' crypto industry. Binance joined in September 2025, and the unit said at the time that it had worked with law enforcement agencies to cumulatively freeze $250 million in illicit assets worldwide.

Source: TechFlow