In a joint effort, Tron, Tether, and TRM Labs have collaborated with Spanish authorities to freeze 26.4 million USD tied to a European money laundering operation.
This freeze marks the largest action of the T3 Financial Crime Unit, which was formed in August 2024 by these blockchain firms to combat financial crime.
Reports indicate that 58% of illicit transactions are linked to Tron, which is highlighted as a significant concern, while Tether has mechanisms to manage illegal transactions effectively.