T3 FCU freezes $ 26.4 million in Spain with Justin Sun’s warning against Blockchane treatment

The Spanish law application, in partnership with Blockchain Tron, Tether and TRM LABS companies, freezed $ 26.4 million of cryptocurrencies related to the money laundering network operating throughout Europe.

The process was carried out by the T3 Financial Crime Unit, an initiative formed in August 2024 by the three companies to combat illegal financial activities.

T3 FCU process

Justin Sun admitted in X mail The process highlights that “criminals are attracted to the same features that make Blockchain revolutionary – speed, efficiency and transactions without borders.”

However, he stressed that by freezing more than 26 million dollars through coordinated efforts with the application of the law, TRO’s transparency ultimately makes money laundering more difficult, not easier.

According to press releaseThe investigation of the money laundering process depends on police control to reveal the criminal organization. The authorities also used many investigation techniques and knowledge of customer records (KYC) from the apparent asset service providers to link many of the encryption portfolios to illegal activities successfully.

“This organization has transferred millions across the border, using Cash and Crypto to help criminal groups wash its profits,” a Guardia Civil spokesman in Spain.

This last procedure is the largest freezing of the assets conducted by T3 FCU so far, which increases $ 100 million in frozen money since its inception. The unit, established in August 2024, is cooperating with international law enforcement agencies to disrupt criminal activities that depend on Blockchain transactions.

Tron has reduced illegal transactions by $ 6 billion

On the other hand, the security measures on the TON network were said to have reduced the illegal transaction sizes on Blockchain by $ 6 billion. TRM LABS analysis He appears 49 % of the prohibited activity on Blockchain is associated with approved entities, while 32 % include boxes listed in the black list.

Despite these discounts, the network remains the most used for illegal transactions, representing 58 % of criminal activity in the sector. Tether usdt stablecoin is still the preferred origin of illegal financial movements.

The CEO of Tether Paolo Ardoino stated that the process highlighted the role of Blockchain in fighting illegal activities. He reaffirmed the commitment to protect the financial system by working with the enforcement of the global law to dismantle criminal networks.

He said: “Let this serve as a clear warning – the freedom trying to misuse the rope will be arrested.”

ARDOINO added that Stablecoin’s source of cooperation with more than 220 law enforcement agencies in 51 countries, and freezing more than 2,400 speeches carrying a total of $ 2.2 billion.

In November 2023, the company was frozen of $ 225 million of USDT linked to global romantic fraud known as “pig slaughtering”. The following month, it also closed 161 Ethereum wallets, 11 of which contains $ 3.5 million in Usdt.