As CZ Calls for Security Alliance, Binance’s Previous Alliance Just Closed

In an unfortunate coincidence, the T3 Financial Crime Unit, involving major crypto players Tether, Tron, TRM Labs, and Binance, had already shut down months before the $6.3 billion Binance hack. The two-year-old unit, which claimed to have frozen $450 million in illicit crypto assets, was closed in late August, Bloomberg reported, citing undisclosed people familiar with the matter. According to the report, the project had struggled over the past year due to “slow response times and a lack of coordination among members.” Tron, Tether, and TRM Labs confirmed to Bloomberg that the unit had indeed closed, while Binance, which joined…

Source: Bitcoin.com News