BTC $71,310 -3.43% ETH $2,015 -1.78% BNB $657.17 -3.16% XRP $1.04 -0.84% SOL $81.61 -2.03% BTC $71,310 -3.43% ETH $2,015 -1.78% BNB $657.17 -3.16% XRP $1.04 -0.84% SOL $81.61 -2.03%
Regulation Via Decrypt

Tron, Tether, and Chainalysis Launch New Crypto-Crime Task Force

crypto-crime task force — Tron, Tether, and blockchain analytics firm Chainalysis have formed a new Digital Crime Task Force to combat illicit finance, effectively replacing a similar, recently collapsed initiative.

The new task force aims to proactively trace illicit transactions involving Tether’s USDT stablecoin on the Tron network. Its stated goal is to identify and freeze funds associated with criminal activity before they can be moved off-chain.

This initiative comes just weeks after the dissolution of the T3 Alliance, a near-identical partnership between the same three entities. The new group appears to be a direct successor, though the specific reasons for the previous unit’s collapse were not detailed.

The collaboration represents a significant effort by major industry players to address regulatory and law enforcement concerns regarding the use of cryptocurrencies in illegal activities, focusing specifically on the high-volume pairing of USDT and the Tron blockchain.

Original reporting: Decrypt