“On August 12, the Binance Exchange became a participant in the T3+global program aimed at combating crime crimes. During the first joint investigation, the trading platform froze almost $ 6 million related to the Pig Butchering fraudulent scheme (Sorry of Pigs), the company blog reports. T3+ is an extension of T3 Financial Crime Unit (T3 FCU), which was launched in September 2024 […]”, – WRITE: Businessua.com.ua
On August 12, the Binance Exchange became a participant in the T3+global program aimed at combating crime crimes. During the first joint investigation The trading platform has frozen nearly $ 6 million, related to the slurry scheme “PIG Butchering” (“Slaughter of pigs”), according to the company blog.
T3+ is an extension of T3 Financial Crime Unit (T3 FCU), which was launched by Tether, TRON and TRM Labs in September 2024. The initiative brings together cryptocurrencies and financial institutions to exchange data and coordinate actions against illegal real -time operations.
From the beginning of T3 FCU, it has helped freeze over $ 250 million cryptoactives related to criminal activities. The program partners cooperate with law enforcement agencies on five continents.
“The freezing of more than $ 250 million illegal assets in less than a year is a clear proof of what can be achieved when the industry is united for a common purpose. The attackers do not have a place where you can hide in blockchain, ”said Tether CEOs Paolo Adoino.
In the first case with the participation of Binance managed to block the victims of fraud according to the Small Pig Scheme. This is a type of scam when the attackers gain the victim’s confidence through the social networks during the weeks or months, and then they are convinced to invest in fictitious cryptoprosectors or trading platforms.
Binance also released her own statistics on the fight against cryptocurrency. From December 2022 to May 2025, the exchange protected 7.5 million users and prevented potential losses of $ 10 billion.
“In Binance, we strive to develop a mature ecosystem in which innovation, regulation and safety work together. Accession to the T3+ initiative reflects our dedication to proactive cooperation with the participants of the industry and law enforcement agencies to counteract real-time illegal activities, ”said Niels Andersen-Ed, the head of the Global Binance Analyt.
Recall that in August, the media reported that Binance was involved in the BBVA Spanish Bank as an independent Castedian for its customers.
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