BackT3 Financial Crime Unit Freezes Over $450M in Assets Linked to Criminal Activity

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Cointelegraph5/14/2026Crime

T3 Financial Crime Unit Freezes Over $450M in Assets Linked to Criminal Activity

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The T3 Financial Crime Unit, backed by Tether, Tron, and TRM Labs, has frozen over $450M in assets tied to suspected criminal activities like drug trafficking, hacks, and terrorist financing across 23 jurisdictions since 2024.

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Belgian police arrested a 19-year-old suspected of leading a phishing and money-laundering network that stole over €500,000 using fake government emails. The suspect was found in an Airbnb in Antwerp, where a second individual was also apprehended. The investigation highlights crypto's role in laundering illicit funds and the broader threat of phishing to crypto investors.

Cointelegraph

Developing·5d ago

Ireland's Criminal Assets Bureau Seizes 500 Bitcoin Worth €27 Million

Ireland's Criminal Assets Bureau (CAB) has seized 500 Bitcoin, valued at approximately €27 million ($30.9 million), with assistance from Europol. This brings CAB's total Bitcoin seizures in 2026 to 1,500 BTC, worth about $92.4 million. The agency did not identify the wallet owner or investigation details.

Cointelegraph

Developing·5d ago

Teenager Extradited to US Over Alleged Role in $8 Million Crypto Ransom Scheme

A 19-year-old dual US-Estonian national, Peter Stokes, has been extradited to the US from Finland to face charges related to an $8 million crypto ransom demand against a luxury jewelry retailer. Authorities allege Stokes, linked to the "Scattered Spider" hacking group, compromised company systems and demanded payment, though the retailer did not pay but incurred $2 million in damages.

Cointelegraph

Developing·6d ago

France's Crypto Security Problem Expands to Physical Coercion

French authorities report a significant increase in crypto-linked physical attacks, including abduction and extortion, with 77 cases this year compared to 45 in 2025. Interior Minister Laurent Nuñez announced an expanded security response focusing on intelligence sharing, industry-state cooperation, and cross-border coordination to protect crypto-sector actors.

CryptoSlate

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T3 Financial Crime Unit Freezes Over $450M in Assets Linked to Criminal Activity

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