News
T3 Alliance for Tron Crime-Fighting Ends
One of the industry's highest-profile crime-fighting alliances, T3, which was built in 2024 specifically to freeze criminal funds moving in USDT on Tron, was disbanded in late August. Bloomberg reported this development yesterday. The alliance, which froze over $450 million in two years, cited slow response times and poor coordination as the reason for its end. The timing is awkward, as Elliptic reports that most laundering after a $6.3 billion theft ran through Tron, with over $3 billion still unfrozen and moving. Markets continued to recover, with Bitcoin at $80,516 and Ether at $2,424, both up for a third day. The ETFs turned positive for the first time this month, with $75 million into Bitcoin funds and $53 million into Ether funds. US jobs data is expected to be released tomorrow.