EddieJayonCrypto
25 Mar 25
Tron, Tether, and TRM Labs collaborated to freeze over $9 million linked to the ByBit hack through the T3_FCU initiative. This partnership signifies a proactive approach to combat illicit activities in the blockchain space. ByBit suffered a record-breaking hack, losing over $1.4 billion in digital a...
Tron, Tether, and TRM Labs collaborated to freeze over $9 million linked to the ByBit hack through the T3_FCU initiative. This partnership signifies a proactive approach to combat illicit activities in the blockchain space.ByBit suffered a record-breaking hack, losing over $1.4 billion in digital assets, primarily Ethereum. The breach has been attributed to the Lazarus Group, a North Korean hacking syndicate. Recovery efforts, including a $140 million bounty program, are ongoing to reclaim the stolen funds.A collaborative effort between Tron, Tether, and TRM Labs has led to the freezing of over $9 million linked to the ByBit hack, according to a report from T3_FCU. These three crypto powerhouses have established a joint forensic initiative called the T3_FCU (Financial Crime Unit) to combat illicit activities on the blockchain.Beyond the immediate recovery of stolen funds, this initiative highlights a growing trend of proactive security measures taken by blockchain networks and stablecoin issuers to protect the integrity of the digital asset space.ByBit, a leading cryptocurrency exchange, suffered a record-breaking hack on February 21, resulting in the loss of over $1.4 billion in digital assets, primarily Ethereum (ETH).