Tether, TRON, and TRM freeze $26 million in European money laundering crackdown

Tether, TRON, and TRM freeze $26 million in European money laundering crackdown

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The T3 FCU Financial Crime Unit – a joint workplace formed pregnancyand You seeAnd TRM Laboratory-Mumin from $ 26.4 million in Crypto is linked to the widespread European money laundering process, according to a statement on January 27. Cryptoslate.

The process, which was conducted in partnership with Guardia CIVIL Creation in August 2024.

How 26.4 million dollars were frozen

The authorities have revealed that the criminal network operates throughout Europe, and provides services to transfer illegal money into encryption.

The group enabled the criminals to transfer money across the border, while hiding their illegal assets by taking advantage of the emerging nature in the industry that has no border.

The investigation used advanced monitoring tools, Blockchain analyzes, and knowledge of customer data (KYC) from virtual asset service providers (VASPS). These resources allowed investigators to track and confirm network activities.

Thanks to a spokesperson for Guardia CIVIL T3 FCU contributions to successfully freezing money, describing it as a decisive step in combating organized financial crime. The spokesperson also stressed that the case highlights the necessity of cooperation between law enforcement agencies and Blockchain companies.

Since its launch, T3 FCU has Frozen more than 126 million dollars In criminal assets all over the world. The unit combines the intelligence of the Blockchain TRM LABS and the Tether security experience, which creates a strong framework for disrupting money laundering activities.

The role of Blockchain in combating crimes

The founder of Tron Justin Sun Note that the case shows Blockchain technology capabilities Determine the illegal activities. He said that although some criminals take advantage of the speed of Blockchain and the nature without limits, its transparency makes its operations easier to discover it.

He added:

“While traditional financial crimes can hide in the shade, Blockchain guarantees that the sun’s rays reach every corner.”

On the other side, Paulo ErdinoTether CEO confirmed the company’s commitment to protecting the global financial system. He stated that this issue clarifies the Blockchain authority in exposing and dismantling criminal networks.

According to him, Tether has supported more than 220 law enforcement agencies via 51, a judicial kill and a freezing of 2400 wallets owned by about $ 2.2 billion in USDT.

ARDOINO warned that Tether takes an absolute approach to tolerance of financial crime, stressing that those who misuse Stablecoin will face legal consequences. He added that the case highlights the value of pre -emptive cooperation in ensuring the safety of digital assets.

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