More than $ 300 million involving cyber crime and fraud schemes is frozen due to two different initiatives associated with law enforcement and private companies.
An initiative is a T3+ Global Colaborater program, launched by T3 Financial Crime Unit (T3FCU), deployed by Intelligence firm TRM Labs, Tron and Ton, about a year ago, which includes the first official member in the blockchain space with Binens.
According to Intelligence firm TRM Labs, there have been more than $ 250 million in criminal assets worldwide since the program started in September 2024.
This includes a notable $ 6 million in a joint action against the ‘romance batting’ scams against criminals.
“Since its establishment in September 2024, the T3 FCU has worked with law enforcement agencies worldwide to identify and disrupt criminal networks,” TRM reads the announcement of labs,
The company said, “The unit has analyzed millions of transactions in five continents, overseeing a total amount of USD more than USD.”
Since its launch, the T3 FCU has assisted law enforcement agencies worldwide in investigating money laundering, investment fraud, forced recovery, terrorism financing and other serious financial offenses.
The second initiative is a joint operation between the United States and Canada, which is supported by blockchain intelligence experts in Channelis.
As a result of the cooperation, two operations were performed – “Project Atlas” led by Ontario Provincial Police (OPP), and “Operation Awsells”, led by British Columbia Securities Commission (BCSC), attracted the income of scam to rely on analytics from channelis.
Source: Channelis
According to the blockchain data platform, these investigations have revealed more than $ 74.3 million to the damage associated with various types of fraud in the last six months, leading to freeze the large part of these zodiac signs.
“Canada but in fact, in the global realm, Project Atlas identified the address of more than 2,000 crypto wallets associated with fraud victims in 14 countries including Canada, USA, Australia, Germany and UK,” Chenlisis explains Today in a press release.
“Working directly with Tether, we enabled blacklisting of more than $ 50 million in the USDT, allowing scammers from transferring or liquid to these stolen assets,” the company said.
The pair of two initiatives coordinated the investigation with structured global cooperation to detect and intervene at the blockchain level, making the cyber criminal significantly to pursue or spend the income of the scam.
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