Tether, TRON, TRM Labs freeze $26m in crypto linked to criminal network across Europe

Guardia Civil of Spain, in collaboration with Tether, Tron and TRM Labs, frozen $ 26.4 million in crypto linked to a European criminal network.

Spanish The authorities and the T3 Financial Crime Unit blocked $ 26.4 million in cryptography linked to a money laundering network operating across Europe. According to a January 29 press releaseT3 FCU – A team supported by Tron, Tether and Trm Labs – worked with the Guardia Civil of Spain to find the cryptographic addresses linked to the criminal group. Officials say that the organization has turned millions, converting money into crypto for illicit purposes.

The founder of Tron, Justin Sun, admits that the operation “exposes an uncomfortable truth”, adding that “the criminals are attracted by the same characteristics that make the blockchain revolutionary … but we show that the transparency of tron ​​makes it actually more difficult , not easier, to whiten money. “”

According to a spokesperson for Spain Guardia Civil, the regulator used monitoring, investigation tools and the exchange of KYC files to connect money to money laundering. The spokesman also revealed that the criminal organization “moved millions through borders” but has not provided details.

Like crypto.News reported Earlier, the T3 Financial Crime Unit was created to struggle Illegal activity involving the USDT on the Tron Blockchain. It monitors more than $ 3 billion in USDT transactions worldwide.

For T3 FCU, this is the biggest freezing of assets since its launch in 2024. In total, the group helped the authorities to freeze more than $ 126 million linked to illegal activity on five continents. Tether’s managing director Paolo Ardoinino said this decision is a “testimony of blockchain power” in the fight against crime, warning the criminals that “those who try to use the attachment will be taken”.