PANews reported on January 27 that according to Cointelegraph, Spanish law enforcement authorities cooperated with blockchain companies Tron, Tether and TRM Labs to freeze $26.4 million in cryptocurrencies related to a pan-European money laundering operation. The operation was in cooperation with the T3 Financial Crimes Unit, an anti-crime initiative launched by three blockchain companies in August 2024.

The investigation relied on police surveillance to identify criminal organizations and their crypto wallets linked to illegal activity, using “know your customer” data from service providers. This is the largest coordinated freeze by the T3 unit to date, adding to the $126 million recorded in its first year.

Tron’s security measures have reportedly reduced illegal transactions on its blockchain by $6 billion. TRM Labs found that 49% of Tron’s illegal activity was linked to sanctioned entities, and 32% was linked to blacklisted funds.