PANews reported on August 12th that Binance announced it has become the first member of the T3+ program, a global collaborative effort to combat illegal activity on the blockchain. T3+ was launched by the T3 Financial Crimes Unit (T3 FCU), a joint initiative between crypto industry players TRON, Tether, and TRM Labs. The unit aims to foster public-private sector collaboration to combat the illicit use of blockchain technology. Since its establishment in September 2024, the T3 FCU has frozen over $250 million in illicitly obtained assets worldwide and collaborated closely with law enforcement agencies across five continents to disrupt criminal networks in real time.

Binance has already participated in its first successful case, freezing nearly $6 million in illicit funds related to a "pig-killing" scam. Nils Andersen-Röed, Head of Binance's Global Financial Intelligence Unit, said, "At Binance, we are committed to fostering a maturing crypto ecosystem where innovation, compliance, and security thrive. Joining the T3+ program demonstrates our commitment to actively collaborating with industry partners and law enforcement agencies to combat illegal activity in real time."