PricPR

In a modest triumph for blockchain compliance, the T3 Financial Crime Unit (T3 FCU) has, with the grace of a well-dressed penguin, frozen $300 million in illicit cryptocurrency funds during its first year. Launched in September 2024 by the ever-ambitious Tether, the tragically underrated TRON, and the mysteriously named TRM Labs, this initiative was born not to save the world, but to clean up stablecoin transactions on the TRON network-where, one presumes, the majority of Tether (USDT) transfers occur. It connects exchanges and blockchain firms directly with law enforcement for real-time response to suspicious transactions, much like a Victorian footman summoning the constable. Its first major success? Binance, where $6 million linked to a “pig butchering” scam was frozen. A feast for the morally superior, no doubt. 🐖

Thodex, the brainchild of our late protagonist, shot to fame in 2017 like a rocket fueled by Bitcoin and dreams. 🇹🇷🚀 Promising low fees and a token buffet, it lured hundreds of thousands of users faster than a free sample table at Costco. But in April 2021, the platform pulled a disappearing act, leaving users locked out of their accounts faster than you can say “rug pull.” The result? Chaos in the Turkish crypto market and investors screaming about losses bigger than a Kardashian wedding budget. 💸💔