Tether and Tron Quietly Scrapped T3 Crime Unit Two Months Before $6.3 Billion Binance Hack

Dextape brief

By Dextape Desk · November 5, 2026

Tron, Tether and TRM Labs quietly shut down T3, their anti-crime alliance, in late August, according to a Bloomberg report published Wednesday. The unit, launched in 2024, was later extended to Binance. Bloomberg, citing sources who know the situation, said the group weakened over the past year because of slow response times and poor coordination among members. None of the companies announced the closure at the time, and Binance declined to comment. The three firms confirmed the wind-down without discussing details. The shutdown came about two months before a theft on October 29 that Binance valued at $6.34 billion, which blockchain analysts have linked to North Korea. Tron said it will share details of a new initiative later, and Tether says it will keep working with TRM.

Why it matters: The collapse of a joint crime unit just before the largest crypto theft raises questions about how quickly industry players can coordinate freezes and law enforcement responses.

Mentioned: Tether, Binance

Summary by Dextape, based on reporting by Bitcoin Magazine. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.