Bybit News: T3FCU Freezes Over $9M Linked to Bybit Hack

In a significant development in the ongoing fight against cryptocurrency-related crimes, T3 Financial Crime Unit (T3FCU), a collaborative effort between Tron, Tether, and TRM Labs, has announced the freezing of over $9 million tied to the Bybit hack. Here’s a closer look at the story.

T3FCU Freezes $9M from Bybit Hack

Tron, Tether, and TRM Labs’ collaborative unit, T3 Financial Crime Unit (T3FCU), announced the freezing of over $9M related to the Bybit hack. Established in August 2024, T3FCU focuses on disrupting illicit activities in the cryptocurrency space. The unit works closely with global law enforcement agencies and has played a vital role in freezing significant assets tied to various financial crimes, including fraudulent investment schemes, money laundering operations, blackmail, and illicit drug transactions. Altogether, T3FCU has frozen about $36M linked to fraudulent investment schemes and $65M associated with money laundering operations. The recent recovery of $9M from the Bybit hack showcases T3FCU’s effectiveness in tailing and combating cybercriminals, particularly North Korean hackers.

Bybit Secures UAE Recognition with Prestigious 2025 Crypto Exchange Award

Bybit, the world’s 2nd largest cryptocurrency exchange in terms of trading volume, has received the “Best Crypto Exchange UAE 2025” distinction from the Global Business & Finance Magazine Awards. This recognition is due to Bybit’s expanding market presence in the United Arab Emirates’ digital asset field and its dominant regional expansion. The Global Business & Finance Magazine Awards earn distinction because of their quantitative assessment procedure, recognizing companies and individuals who bring exceptional value through contributions to finance and business operations across worldwide markets. Bybit received this recognition through its steady market development, regulatory adaptability, and strategic involvement in the UAE cryptocurrency environment.