Tether and Tron Quietly Scrapped T3 Crime Unit Two Months Before $6.3 Billion Binance Hack

The T3 Financial Crime Unit, the anti-crime alliance Tron, Tether and TRM Labs launched in 2024 and later expanded to Binance, quietly shut down in late August, Bloomberg reported Wednesday, about two months before the record Binance hack.

The alliance broke down over the past year amid slow response times and a lack of coordination among its members, Bloomberg reported, citing people familiar with the matter. One of them said T3 was terminated in late August. None of the companies announced the shutdown at the time. Tron, Tether and TRM confirmed that the initiative had wound down, without commenting on the details of the report. Binance declined to comment.

“While the very successful T3 program has concluded, Tron remains committed to working to help stop illicit activities on the blockchain, in partnership with law enforcement,” a Tron DAO spokesperson said to Bloomberg. The spokesperson said Tron will share details of a new anti-crime initiative later.

A Tether spokesperson said the company will keep working with TRM to disrupt illicit funds and has been taking part in Beacon Network, a real-time intelligence-sharing network TRM launched in August 2025. Tether is also working on the Financial Access and Systemic Empowerment Foundation, or FASE Foundation, which CEO Paolo Ardoino unveiled on X on Oct. 31.