Two parallel initiatives by regulation enforcement and personal corporations have frozen over $300 million in crypto in an anti-fraud crackdown.
In keeping with Bleeping Laptop, blockchain intelligence agency TRM Labs, TRON, Tether, and Binance joined the T3 Monetary Crime Unit (T3 FCU) initiative launched in September 2024.
Dubbed the T3+ World Collaborator Program, the operation has seized greater than $250 million in legal property worldwide since launch.
“Since its inception in September 2024, T3 FCU has labored carefully with regulation enforcement companies worldwide to determine and disrupt legal networks,” TRM Labs mentioned in an announcement this week.
“Freezing over $250 million in illicit property in lower than a 12 months is a strong testomony to what’s doable when the trade comes along with a shared objective,” mentioned Tether CEO Paolo Ardoino.
The T3 initiative has helped world regulation enforcement companies to crackdown on cash laundering, funding fraud and different monetary crimes.
Over $300 million in cybercrime crypto seized in anti-fraud effort – @billtoulashttps://t.co/gjiMMMq6aQhttps://t.co/gjiMMMq6aQ
— BleepingComputer (@BleepinComputer) August 14, 2025
US, Canada Helped Chainalysis Observe Rip-off Proceeds
The second initiative included companies from the US and Canada, collaborating on a number of operations to freeze $74 million in crypto.
Per a Chainalysis report printed on Thursday, Challenge Atlas, led by the Ontario Provincial Police (OPP), and Operation Avalanche, spearheaded by the BC Securities Fee, have seized crypto property of tens of hundreds of thousands in illicit funds.
As an example, Challenge Atlas centered on figuring out and disrupting funding scams. The operation concerned cooperation from varied regulation enforcement and private-sector stakeholders.
“Challenge Atlas recognized greater than 2,000 crypto pockets addresses linked to fraud victims throughout 14 nations, together with Canada, the US, Australia, Germany, and the UK,” the report learn.
Curiously, the undertaking prevented greater than $70 million in cryptocurrency from being stolen.
Moreover, Operation Avalanche, supported by Chainalysis, recognized over $4.3 million in losses tied to Ethereum-based fraud schemes. The operation concerned a spread of Canadian regulatory companions, together with the Ontario Provincial Police, Vancouver Police, and Delta Police Division.
Fraud Schemes Nonetheless World Concern Regardless of Crypto Seized So Far
“Fraudulent funding schemes stay a world difficulty, particularly with crypto, the place regulation remains to be catching up in lots of jurisdictions,” Natalie Newson, CertiK’s Senior Blockchain Investigator instructed Cryptonews.
In keeping with Newson, Ponzi schemes are sadly nonetheless widespread in crypto resulting from its decentralized nature. Excessive and quick return guarantees nonetheless lure buyers, exploiting gaps in regulatory enforcement.
“sustaining a wholesome skepticism towards investments that lack transparency or aren’t registered with applicable regulatory our bodies is important in safeguarding property,” she added.
The put up Legislation Enforcement, Personal Corporations Seized Over $300M in Crypto Linked to Fraud Schemes: Report appeared first on Cryptonews.