Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
In a landmark anti-fraud operation, global law enforcement, alongside blockchain analytics firms, seized over $300 million in cryptocurrency linked to fraud schemes by August 2025, according to reports from TRM Labs and Chainalysis. The T3+ Global Collaborator Program, launched in September 2024 by TRM Labs, TRON, Tether, and Binance, froze $250 million in illicit assets tied to money laundering, romance scams, and investment fraud. A parallel effort, Project Atlas and Operation Avalanche, led by the Ontario Provincial Police and BC Securities Commission with Chainalysis, recovered $74.3 million, identifying over 2,000 wallet addresses across 14 countries, including the US, Canada, and UK.
The operations traced Bitcoin, Ethereum, and USDT transactions across blockchains, leveraging advanced analytics to freeze exchange accounts and secure court-ordered seizures. Funds were linked to cross-border scams exploiting decentralized exchanges and cross-chain bridges, with illicit crypto activity surging to $21 billion in 2025, per Elliptic’s report. Some recovered funds will compensate victims, while others support ongoing prosecutions.
A TRM Labs spokesperson noted, “Freezing $250 million in under a year shows the power of public-private collaboration.” The initiatives highlight a global push to combat crypto-enabled crimes, as scams and ransomware remain persistent threats, with $2.17 billion stolen by June 2025, surpassing 2024’s total.
This crackdown underscores blockchain’s transparency as a tool for justice, countering fraudsters’ anonymity. Stay informed on global efforts to secure digital assets and protect investors from crypto fraud.
