Crypto

Three firms form Digital Crime Task Force to freeze illicit USDT

TRON, Tether and Chainalysis have set up a Digital Crime Task Force to trace and freeze illicit USDT on the TRON network. It replaces an earlier joint unit that quietly ended only weeks before.

Illustration: A hooded silhouette crouches in a dark server hall, lit only by a glowing cyan laptop, while red light blinks along the rows.
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TRON, Tether and Chainalysis, a blockchain analytics firm, have set up a Digital Crime Task Force, or DCTF. The three companies announced it on November 12. Its work centers on crypto-related crime and on disrupting networks that move illegal money.

The group plans to look for scams, hacks and money laundering involving USDT on the TRON network. USDT is a stablecoin, a type of digital token designed to hold a steady value. Rather than wait for victims to report a crime, the group intends to pass leads to police.

The aim is to trace illicit USDT and freeze the funds before they move. The new group replaces an earlier unit, called T3, that was built with TRM Labs, a rival firm. That unit quietly collapsed only weeks before the new task force was announced.

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