The Spanish authorities attribute the T3 financial crime unit, a consortium made up of Tron, Testher and TRM laboratories for helping to eliminate a multinational European financial crime union.
According to Spain Guardia Civil, the crime union worked in several European jurisdictions, providing liquidity laundering services for criminal companies.
T3 said it had seized $ 26.4 million, appealing the most important coordinated freeze with which it has been involved since its launch last year. So far, the group said it has frozen $ 126 million.
“Public-private partnerships are particularly effective in surveys on cryptocurrencies, because they take advantage of our distinct but complementary forces,” said Chris Janczewski, head of TRM Labs inquiry in an email in Coindesk.
“The police provide their traditional expertise to the investigation while the private sector is able to contribute to the technical capacities necessary for a cryptographic survey,” he continued.
The Spanish authorities have identified the organization through police surveillance and have been helped by several investigation measures and virtual asset service provider (VASP) Know your customer files (KYC), said the press release of T3.
“We have a team that can speak of both” crypto “and” cop “, including former officials of the law enforcement with vast experience of several agencies,” added Janczewski. “This allowed us to Strengthen police work on the ground by agencies like Guardia Civil so that they can connect chain activities with the tangible word. “
In a press release, Paolo Ardoino, CEO of Tether, added that Tether collaborated with more than 220 law enforcement organizations in more than 51 jurisdictions to freeze more than 2,400 addresses, for an amount of almost 2.2 USDT billion.
A statement from Europol noted that the organized crime union was “composed mainly of Ukrainian but also Armenian, in Azerbaijani or Kazakh nationals”.
