Three crypto firms set up a task force against illicit USDT flows

Tron, Tether and Chainalysis have set up a new group, the Digital Crime Task Force, to fight illicit crypto activity. The Block reported the launch on 12 November 2026, and Decrypt covered it the same day.

The group's stated goal is to trace illegal USDT moving on the Tron network and to freeze the funds before they can be moved on. USDT is the stablecoin issued by Tether. Chainalysis is a blockchain analysis firm.

Decrypt reports that the new group comes only weeks after a similar unit called T3 quietly collapsed. T3 was built by the same trio together with the rival firm TRM Labs. Decrypt describes the new task force as its replacement.

The Block frames the effort around AI-powered crypto crime. Its excerpt focuses on illicit crypto activity in general. Neither source gives figures on frozen funds, budget, or members beyond the three firms. It is not yet clear how freezes will be carried out with exchanges and wallet providers, or whether the group will publish results.