T3 FCU Freezes $9 Million Linked to Largest Theft on Bybit

The Team’s Greatest Achievement in Combating Crypto Crime

On March 26, 2025, the T3 Financial Crime Unit (T3 FCU), a joint initiative of Tether, TRON, and TRM Labs, announced the successful freeze of nearly $9 million in cryptocurrency linked to a recent hack of the Bybit exchange. This crime became the largest breach in the platform’s history.

More Than $150 Million Frozen in Six Months

T3 FCU was founded in September 2024 and has already managed to freeze over $150 million associated with illicit activities. Its operations span five continents, underscoring the effectiveness of international cooperation in fighting crypto crime.

Previously, the unit successfully assisted Spain’s Civil Guard in an operation that led to the freezing of $26.4 million as part of a multi-level money laundering scheme covering several European countries.

Industry Leaders’ Opinions

Justin Sun, Founder of TRON, commented:

“T3 FCU is changing the industry’s approach to illicit activity by enabling cross-border collaboration with unprecedented speed and precision.”

Tether CEO Paolo Ardoino emphasized:

“Tether remains unwavering in its commitment to stop illicit actors. We strive to make stablecoins a safe, transparent, and resilient tool.”

Ari Redbord of TRM Labs added:

“Speed and precision are key factors in investigating cryptocurrency crimes. T3 is an example of how financial crime should be combated in the digital age.”

A New Security Standard in the Crypto World

These actions demonstrate the growing importance of cooperation between the private sector and government agencies. Thanks to initiatives like T3 FCU, the crypto industry is becoming safer and user trust is rising.