#Tron Tron, Tether and Binance’s T3 Financial Crime Unit quietly disbanded
One of crypto’s highest-profile crime-fighting alliances has closed shop, and nobody sent out a press release.
The T3 Financial Crime Unit, the partnership tied to Tron, Tether and later Binance, was disbanded in late August 2026, according to Bloomberg. The outlet reported the shutdown on November 4, 2026. That means the unit sat dormant for roughly two months before anyone outside the room noticed.
The stated culprits were slow response times and poor coordination among the members, Bloomberg reports. For a group whose whole pitch was speed, that’s an awkward way to go. What T3 was built to do The T3 FCU launched in September 2024. Its founders were the Tron blockchain organization, stablecoin issuer Tether and blockchain analytics firm TRM Labs.
The mission was narrow and practical. The unit set out to stop criminals from using Tether’s $USDT stablecoin, with a particular focus on activity running over the Tron network.
The model leaned on cooperation with law enforcement agencies across borders. Over its run, the unit worked with authorities in 23 jurisdictions worldwide.
Binance came aboard roughly a year in. The exchange joined the expanded T3+ program in September 2025.
The numbers it posted On paper, T3 had a decent scorecard. By mid-2025, the unit’s cumulative freezes reached $250 million in tainted assets.
By May 2026, that total had climbed past $450 million. In other words, it nearly doubled its haul in under a year.
The frozen funds were linked to a range of serious crimes. These included hacks, terrorist financing and drug trafficking.
Some of those freezes happened within 24 hours of a law enforcement request. In the world of cross-border financial crime, where paperwork can take weeks, that’s practically warp speed.
Which makes the reported reason for the breakup feel slightly ironic. A unit known for fast freezes was ultimately undone, per Bloomberg, by slow responses and members that weren’t moving in sync. #Write2Earn #TRX $TRX
#ETH Ethereum Foundation Supports ETHBEAT’s Accountability Efforts
The Ethereum Foundation recently expressed strong support for ETHBEAT’s CROPS coverage in a tweet that has garnered significant engagement. This endorsement emphasizes the need for accountability within the Ethereum ecosystem, which is vital for fostering trust and encouraging user participation. The Foundation’s backing of ETHBEAT signifies a pivotal moment for maintaining high standards among projects, as detailed in their official tweet.
The Latest The Ethereum community is buzzing after the Ethereum Foundation recognized the impact of ETHBEAT’s new CROPS coverage. This initiative aims to enhance accountability across the Ethereum ecosystem, building on the foundation laid by L2BEAT, which was praised for its role as a public good. With increasing scrutiny on projects, ETHBEAT’s efforts could serve as a benchmark for other platforms, pushing for improved standards and user trust. As discussions around Ethereum’s scalability and security continue, the community’s engagement with such accountability measures is crucial. ETHBEAT serves as a coverage platform that provides insights and metrics on Ethereum’s Layer 2 scaling solutions. Its CROPS coverage is designed to improve how projects are assessed and held accountable, ensuring they meet the community’s expectations. The Ethereum Foundation has the jurisdiction to support initiatives that promote transparency and integrity within the Ethereum network, reinforcing their commitment to developing a robust ecosystem.
Where Do We Go From Here Traders and community members should keep an eye on how ETHBEAT’s CROPS coverage influences other projects and the overall Ethereum landscape. The emphasis on accountability may lead to increased scrutiny of projects, potentially affecting their adoption and engagement levels. As the ecosystem evolves, the focus on user expectations and project standards will likely shape future developments and investment decisions.#Write2Earn #Ethereum $ETH
#xrp Attention XRP Investors: Critical Network Bug Fixed! Here Are the Details
XRP Ledger (XRPL), the decentralized blockchain network on which $XRP operates, has fixed a critical security vulnerability.
According to CoinDesk, xrp Ledger announced that it has fixed a security vulnerability that, under certain conditions, could only allow accounts authorized to burn tokens to mint new tokens.
According to the statement, the update, codenamed fixCleanup3_4_0, was activated on November 4th. This strengthens the security separation between token burning and token minting permissions on the network.
How Did the Security Vulnerability Emerge? According to the explanation, the security vulnerability stemmed from a feature called Permission Delegation, which allows accounts to delegate authority to other accounts. This system allowed an account holder to authorize another account to perform specific actions on their behalf. For example, accounts that were granted permission to burn tokens, such as stablecoins, could in some cases also exercise minting authority.
However, the update separated these two permissions.
$XRP Itself Is Unaffected! According to the statement, the security vulnerability does not affect $XRP ’s own supply and production mechanism. The risk was limited to stablecoins and other tokens issued on XRPL.#Write2Earn #W2E #Binance98PercentReplenished $XRP
#sol Loopscale pauses operations after sustained attack on its Genesis Vaults
Loopscale has hit the brakes. The Solana-based lending protocol paused all activity after what it described as a sustained, sophisticated attack campaign aimed at its $SOL and $USDC Genesis Vaults.
No user deposits were lost, and the affected vaults were made whole.
What happened at Loopscale The pause was announced on November 5, 2026. Loopscale framed it as a precautionary move rather than a reaction to a completed breach. The attack campaign involved more than 30,000 malicious API requests per day over the prior week. Those requests targeted the protocol’s $SOL and $USDC Genesis Vaults.
Loopscale says it is now working with federal law enforcement. The team has also identified four wallet addresses it associates with the attack.
Operations will stay paused while the protocol runs further assessments. Loopscale is also weighing additional security hardening measures before turning things back on.
A familiar target The Genesis Vaults have been here before. On April 26, 2025, an attacker drained approximately 5.7 million $USDC and 1,211.4 sol from the same vaults.
That exploit worked by manipulating the pricing logic for RateX principal tokens. Principal tokens represent the underlying value of a yield-bearing asset, separated from the yield it generates. If a lending protocol misjudges what that collateral is worth, an attacker can borrow far more than they should.
Loopscale paused operations then, too. The protocol subsequently recovered the drained funds, and users did not end up with net losses.
The team followed up with code reviews and published a post-mortem walking through how the recovery played out. Protocol functions, including repayments, were progressively switched back on after security reviews.
Who Loopscale is Loopscale launched publicly on April 10, 2025. That means its first major exploit arrived barely more than two weeks after launch.#Write2Earn #solana $SOL
#zcash Zcash to freeze $16M in its oldest privacy pool with NU7 upgrade
Zcash is about to retire its oldest privacy pool. When it does, about $16 million in $ZEC still sitting there will become unspendable.
The cutoff arrives with the NU7 network upgrade, scheduled to activate around November 5–6, 2026, at block height 3,543,405. Anyone with coins left in the Sprout pool after that block will still own them. They just won’t be able to move them.
What NU7 actually changes NU7 disables version 4 transactions. The catch is that version 4 transactions are the only way to reach the Sprout shielded pool. A shielded pool is a section of the Zcash ledger where transaction details are kept private. Sprout was the first one, launched back in 2016. Sprout currently holds approximately 12,226 $ZEC . With zec recently averaging $1,300 to $1,320, that stash comes to around $16 million.
The coins are not burned, and nobody is confiscating private keys. The zec stays counted in the total supply. But once NU7 is live, any attempt to transact with Sprout funds will fail. There is currently no mechanism to recover them afterward.
The migration is already underway Holders appear to be getting the message. The Sprout pool held roughly 22,300 $ZEC in mid-October. It now sits at approximately 12,226 $ZEC , a drop of a little under half in a short stretch.
The fix for holders is simple on paper: move Sprout funds into a supported wallet before activation. After the upgrade, that option disappears.
Only version 4 transactions are affected. The newer Sapling, Orchard, and Ironwood pools will keep running normally and won’t be touched by NU7.
Why Sprout is being shut down Sprout has been on borrowed time for a while. For several years, the pool has been limited to withdrawals only, meaning funds could leave but not come in.
Zcash has steadily layered newer privacy pools on top of the original design. Sapling, Orchard, and Ironwood each arrived later as part of the network’s ongoing modernization#Write2Earn #zec $ZEC
Zcash Community Grants(ZCG)は火曜日、プログラムにどれほどの資金が流れ込むのかをめぐる批判を受け、10月29日に打ち出した提案をこれ以上進めないと発表した。「この提案を進めないことに決めました」と委員会は記し、今後の資金配分はZcashの通常のガバナンスプロセスを通じて決定すべきだと付け加えた。