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

The T3 Financial Crime Unit, involving Tether, Tron, TRM Labs, and Binance, shut down months before the $6.3 billion Binance hack. The two-year-old unit claimed to have frozen $450 million in illicit crypto assets and closed in late August, according to Bloomberg. The closure raises questions about security coordination.