TRM Labs focuses on blockchain intelligence to assist financial institutions, cryptocurrency businesses, and government agencies in identifying and investigating financial crimes and fraud related to cryptocurrencies. The company utilizes advanced data engineering, data science, and threat intelligence to provide tools and insights that help clients combat illicit activities in the crypto market. TRM Labs serves a wide range of clients, including banks and regulatory bodies, and generates revenue through subscription-based services and customized solutions. Its goal is to enhance the security and integrity of the global financial system by offering comprehensive blockchain analytics and investigative capabilities.

Bessemer Venture Partners

Salesforce Ventures

PayPal Ventures

The MBA Fund

Tapas Capital

SGH Capital

Operator Partners

Blockchain Capital

Jump Capital

Alumni Ventures

Y Combinator

Initialized Capital

Green D Ventures

PayPal

Tiger Global

Block

Goldman Sachs Asset Management

Amex Ventures

Thoma Bravo

Visa

Marshall Wace

DRW Venture Capital

American Express Ventures

Data & Analytics

Fintech

TRM Labs

How Tether, TRON, TRM Labs froze $100 million in stolen digital assets.

How Tether, TRON, TRM Labs froze $100 million in stolen digital assets

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›January 2, 2025 – The T3 Financial Crime Unit (T3 FCU), a collaboration between TRON, Tether, and TRM Labs, has frozen more than USDT 100 million in criminal assets globally, passing a significant milestone in its fight against cryptocurrency-related financial crime.Launched in August 2024, T3 FCU has rapidly emerged as a model for public-private partnership in blockchain security, working directly with law enforcement agencies worldwide to identify and disrupt criminal networks. The unit has worked closely with global law enforcement agencies to successfully intervene in cases involving money laundering, investment fraud, blackmail operations, terrorism financing, and other serious financial crimes.“Criminals now have 100 million reasons to think twice before using TRON,” said Justin Sun, founder of the TRON blockchain. “T3 FCU’s rapid success in freezing criminal assets sends an unmistakable message: if you’re using USDT on TRON for crime, you will be caught.”The unit has already analyzed millions of transactions across five continents, monitoring over USDT 3 billion in total volume. This comprehensive monitoring capability enables T3 FCU to work across borders to identify and disrupt criminal operations in real-time, making it an invaluable resource for law enforcement agencies worldwide.“Tether is deeply committed to maintaining the integrity of the financial ecosystem by proactively collaborating with global law enforcement agencies,” said Paolo Ardoino, CEO of Tether

T3 Financial Crime Unit Marks Enforcement Victory: Usdt 100 Million In Criminal Assets Frozen Across Five Continents

1inch continues to lead on Web3 security and anti-crime measures, utilizing advanced technology and collaborating with partners like TRM Labs, ZeroShadow, Blockaid, Hypernative and Etherscan Pro.

1inch in 2024: key features that shaped your DeFi experience

Utila integrates with TRM Labs to streamline AML for institutional crypto operations.

Utila Integrates with TRM Labs to Streamline AML for Institutional Crypto Operations

The leading stablecoin issuer Tether has teamed up with TRON blockchain and TRM Labs to curb crypto scams.

Tether & TRON Crack Down On Crypto Crime, Will It Boost USDT Adoption?

TRON, Tether, and TRM Labs have launched the T3 Monetary Crime Unit to collaborate on combating illicit exercise associated to USDT on the TRON blockchain.

TRON teams up with Chainalysis to monitor USDT transactions

A man has become the first person charged in the UK for operating a crypto ATM.Crypto ATMs had been relatively common in the UK—even though the Financial Conduct Authority (FCA), the body that regulates financial services in the UK, banned them in 2022. According to data from Coin ATM Radar, 81 working crypto ATMs were in the UK in March 2022, placing it among the top ten in the world at the time.Though there have been numerous crackdowns by UK police on crypto ATMs since the ban, this is the first reported case of a criminal charge occurring as a result of operating one.Police officers carried out a search warrant at an electronics shop in Chatham, Kent, where they seized several crypto ATMs, including one that was on public display.Habibur Rahman, 37, based in Langdon Crescent in East Ham, London, was arrested following the search.  He has now been charged with operating the machine without registration from the FCA.In addition, Kent police alleged he laundered £300,000 of criminal cash by converting it into digital assets.Rahman is currently out on bail ahead of his October 10 court date.Matthew Long, Director of Payments and Digital Assets for the FCA, said: ‘There are currently no crypto ATMs registered with the FCA – so if you’re using one of these machines you could be handing your money to criminals.Crypto ATMs continue to be commonly used for criminal activity worldwide.At least $160 million in illicit volumes have been processed by the cash-to-crypto industry, which operates primarily via crypto ATMs, since 2019 according to research by crypto analyst TRM Labs.In Germany, where crypto ATMs are still legal provided they adhere to certain rules and regulations, law enforcement agencies recently confiscated almost €250,000 (roughly $279,000) in cash and shut down 13 cryptocurrency ATMs for lacking the correct licenses.Though the UK has effectively stamped out the digital asset ATM industry, these ATMs are more common than ever in some regions.The number of crypto ATMs in Australia has shot up in the past two years by 1700%, while the number in New Zealand has shot up from zero kiosks to 157 in the last 12 months, according to analysis by TRM Labs.There are 31,843 crypto ATMs in the U.S. at the time of writing, as per Coin ATM data.Edited by Stacy Elliott.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more

Uk Shop Owner Charged For Operating Illegal Crypto Atm

Four Inc. partners with TRM Labs to deliver blockchain intelligence to U.S. Public sector.

Four Inc. Partners with TRM Labs to Deliver Blockchain Intelligence to U.S. Public Sector

Thieves stole roughly $700,000 worth of Bitcoin along with other belongings in a robbery in a Costa Rican beach town last week, according to local news reports.At least eight armed robbers violently robbed a group of Israeli nationals at a social event in Puntarenas, Costa Rica, taking a “substantial” amount of Bitcoin from them, local news agency Teletica reported Friday. The assailants, who were heavily armed and wearing police uniforms, appeared to have had law enforcement training, according to the report. The robbers arrived at Santa Teresa de Cóbano in expensive vehicles when the alleged attack occurred on August 4, overpowering the security guard and forcing the group of 11 Israeli nationals to forfeit their valuables.It is unclear how the Bitcoin was physically taken from the victims. It is also not immediately clear if the targets are tourists or residents of Costa Rica. Costa Rican authorities did not immediately respond to Decrypt’s request for comment. The perpetrators of the crime have not yet been identified. Local authorities said the attack’s orchestrators most likely personally knew the victims, as the robbers appeared to know the visitors had Bitcoin on them, Teletica reported. The Judicial Investigation Agency is actively investigating the case, according to local reports. This latest theft is one of several violent crypto-related crimes in recent months.Last month, thieves in Kyiv, Ukraine forced a man to transfer roughly $200,000 in Bitcoin to them before strangling him to death. Earlier this summer, a man was convicted of targeting victims’ crypto in a string of home invasions across several states in the U.S. from 2022 to 2023. The uptick in news reports on violent digital currency-related attacks comes amid a broader increase in crypto crime, particularly exploits

Bitcoin Bandits Swipe $700,000 In Apparent Targeted Attack In Costa Rica

Indian cryptocurrency exchange WazirX said Thursday (July 18) that it lost more than $230 million in a cyberattack. “This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds,” the company said in a preliminary report posted on its website. “We have already blocked a few deposits and reached out to concerned wallets for recovery. We are in touch with the best resources to help us in this endeavor.”. WazirX said in the report that the cyberattack targeted one of its multisig wallets that use the services of Liminal’s digital asset custody and wallet infrastructure

Cryptocurrency Exchange Wazirx Loses $230 Million In Cyberattack

Blockchain intelligence for financial crime detection

TRM Labs

Blockchain intelligence for financial crime detection

TRM Labs

Blockchain intelligence for financial crime detection

About

Simplify's Take

What believers are saying

What critics are saying

What makes TRM Labs unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

TRM Labs is Hiring for 0 Jobs on Simplify!