Global authorities, in partnership with blockchain intelligence firms, have seized more than $300 million in cryptocurrency linked to cybercrime and fraud through two major coordinated operations.
The first initiative, the T3+ Global Collaborator Program, was launched in September 2024 by TRM Labs, TRON, and Tether, with Binance later joining as the first official member. According to TRM Labs, the program has frozen over $250 million in criminal crypto assets to date, including $6 million seized in a joint action with Binance targeting “romance baiting” scams.
Over $300 million in cybercrime crypto seized in anti-fraud effort – @billtoulashttps://t.co/gjiMMMq6aQhttps://t.co/gjiMMMq6aQ
— BleepingComputer (@BleepinComputer) August 14, 2025
The T3 Financial Crime Unit, which drives the program, has monitored more than $3 billion in transactions across five continents, assisting in investigations into money laundering, investment fraud, extortion, and terrorism financing.
The second effort is a joint operation between the United States and Canada, supported by blockchain analytics firm Chainalysis. “Project Atlas,” led by the Ontario Provincial Police, and “Operation Avalanche,” led by the British Columbia Securities Commission, have uncovered $74.3 million in fraud-related losses over the past six months. Working with Tether, the team blacklisted over $50 million in USDT, preventing scammers from moving or liquidating the stolen funds.
Investigators say Project Atlas identified more than 2,000 crypto wallet addresses linked to fraud victims in 14 countries, including Canada, the U.S., Australia, Germany, and the UK. Both operations highlight a growing global trend of integrating blockchain intelligence with law enforcement to disrupt criminal networks, block the movement of illicit funds, and recover stolen assets.
Authorities confirmed that the initiatives remain active, with further seizures and enforcement actions expected in the coming months.
The heightened focus comes as illicit cross-chain activity has surged to $21 billion as of May 2025, according to Elliptic’s latest Cross-Chain Crime Report — a sharp increase from $7 billion in 2023. Criminals are exploiting decentralized exchanges (DEXs), cross-chain bridges, and anonymous swap services to obscure transaction trails, evade sanctions, and execute large-scale scams.
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