What’s new: Over $300 million in cryptocurrency linked to cybercrime has been seized through two initiatives involving law enforcement and private companies. The T3+ Global Collaborator Program, launched by TRM Labs, TRON, and Tether, has frozen over $250 million in criminal assets since September 2024. Additionally, a joint operation between the U.S. and Canada, supported by Chainalysis, has identified over $74.3 million in fraud losses, leading to further asset freezes.
Who’s affected
Victims of various fraud schemes, including romance scams, across multiple countries including Canada, the U.S., Australia, Germany, and the UK, are impacted by these initiatives aimed at disrupting cybercriminal networks.
What to do
- Stay informed about ongoing investigations and asset freezes related to cryptocurrency fraud.
- Implement monitoring tools to detect suspicious transactions within your organization.
- Educate employees about common fraud schemes to reduce the risk of falling victim to scams.
