Over $300 million in cybercrime crypto seized in anti-fraud effort

Over 0 million in cybercrime crypto seized in anti-fraud effort

Over $300 million worth of cryptocurrency linked to cybercrime has been frozen through global law enforcement and private sector collaborations, notably the T3+ Global Collaborator Program and joint U.S.-Canada operations. These initiatives have disrupted criminal activities like scams, money laundering, and terrorism financing across multiple countries. #TRMLabs #Chainalysis

Keypoints

  • The T3+ Global Collaborator Program has frozen over $250 million in criminal assets since September 2024.
  • Binance participated in a $6 million crackdown on romance baiting scams.
  • Global investigations traced over $74.3 million in fraud losses in the past six months.
  • More than 2,000 crypto wallet addresses linked to scams were identified across 14 countries.
  • Blacklisting of over $50 million in USDT by Tether helped prevent scam asset liquidation.

Read More: https://www.bleepingcomputer.com/news/security/over-300-million-in-cybercrime-crypto-seized-in-anti-fraud-effort/