Over $300 Million in scam-related crypto Has Been Frozen So Far In The Last Year
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Law enforcement and industry leaders have seized over $300 million in crypto from cross-border fraud over the last year. Here’s how this happened. Law enforcement agencies and private companies have joined forces to seize more than $300 million in crypto linked to fraud around the world. The effort combines blockchain analysis, targeted operations and cooperation between regulators and industry leaders. Two major operations were involved in this crackdown, including the T3+ Global Collaborator Program, led by the T3 Financial Crime Unit (T3 FCU). In collaboration, these agencies have frozen over $250 million in criminal assets since their launch in September of last year. A second set of operations, which was coordinated between the United States and Canada, recovered millions more from scams that targeted victims in multiple countries. T3+ Program Freezes $250 Million in Criminal Crypto The T3 FCU is a combined effort between blockchain intelligence firm TRM Labs, TRON, Tether and Binance. This coalition started in September to track and stop fraudulent activity on the blockchain. Over $300 million in cybercrime crypto seized in anti-fraud effort – @billtoulashttps://t.co/gjiMMMq6aQhttps://t.co/gjiMMMq6aQ — BleepingComputer (@BleepinComputer) August 14, 2025 Since launch, the unit has analysed millions of transactions across five continents and monitored over $3 billion in transaction volume. The program has supported investigations into money laundering, investment fraud, extortion and even terrorism financing. One of its biggest successes includes working with Binance to freeze $6 million from “romance baiting” scams. These kinds of scams lure victims into fake online relationships before convincing them to send funds to fake investment platforms. North American Operations Target Cross-Border Scams The second crackdown involved a combined effort between US and Canadian agencies with support from Chainalysis. This included two major operations called Project Atlas and Operation Avalanche. Project Atlas, which was led by the Ontario Provincial…
Filed under: News - @ August 16, 2025 3:22 am