Binance Joins T3+ Program to Combat Blockchain Scams

Binance has become the first exchange to join the T3+ program, an expansion of the T3 Financial Crime Unit (T3 FCU) launched in September 2024 by TRON, Tether and TRM Labs. The T3+ program enables real-time intelligence sharing across exchanges and financial firms to detect and disrupt blockchain scams. To date, T3 FCU has frozen over $250m in illicit assets. In one T3+ operation, Binance helped block about $6m in pig butchering fraud. Global Ledger data shows that $3bn in crypto was stolen during the first half of 2025, with 30% laundered within 24 hours and only 4.2% recovered. Around 15% of illicit funds flow through centralised exchanges, putting pressure on compliance teams to act swiftly. The move follows Tether’s recent freeze of $86,000 in stolen USDT, fuelling debate over stablecoin centralisation versus user sovereignty. Binance’s financial intelligence head, Nils Andersen-Røed, and TRON founder Justin Sun say industry-wide cooperation is key to improving crypto security, accelerating asset recovery and meeting regulatory compliance. Traders should watch how Binance’s T3+ participation affects hack prevention, asset recovery rates and regulatory oversight in 2025.