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New Crypto-Crime Task Force Replaces Collapsed One

Tron, Tether and Chainalysis announced the Digital Crime Task Force to identify illicit USDT activity on Tron and help law enforcement freeze funds before they are moved. The group says it will use Chainalysis’s investigative tools to trace criminal networks and will also accept tips and freeze requests from police. The announcement describes its aims, not funds the new task force has already frozen.

The task force replaces a similar effort run by Tron and Tether with TRM Labs. That group froze more than $450 million in tainted assets before it was disbanded in late August, according to Bloomberg; people familiar with it cited slow responses and poor coordination.

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