Investigation Scope Expands to Exchanges and Financial Institutions
Cryptocurrency Centralization Controversy Heats Up in the Market
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T3 FCU investigates financial crimes such as money laundering, investment fraud, extortion operations, and terrorist financing, and has been collaborating with law enforcement agencies worldwide. Recently, with Binance joining as the first T3+ program member, the scope of criminal investigation has expanded to exchanges and financial institutions.
Tron, Tether, and TRM Labs have also joined the T3 FCU investigation, sharing real-time information and cooperating in threat response. Tron founder Justin Sun said, "We will expand collaboration across the blockchain industry to more effectively resolve illegal activities in real-time."
A report by Swiss blockchain analysis company Global Ledger revealed that over $3 billion in cryptocurrencies were stolen in the first half of this year. Hackers launder stolen funds within an average of 15 hours, with over 30% of laundering completed within 24 hours.
The fund recovery rate after hacking is only 4.2%, with state-sponsored hacking groups and cybercrime organizations identified as the main perpetrators. North Korea's large-scale cyber espionage operation is a recent example.
Meanwhile, a controversy has heated up inside and outside the market regarding the authority to freeze stolen funds by stablecoin issuers. Tether froze 860,000 USDT stolen last month as part of the T3 FCU investigation. This has sparked a debate about the pros and cons of centralized control.
Paolo Ardoino, Tether CEO, said, "Malicious actors have nowhere to hide on the blockchain. Building a safe environment for global users is only possible through collective effort."
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
