TRON & T3FCU Strike Back: Stolen Crypto Worth $9 Million Frozen After ByBit Hack!

The T3 Financial Crimes Unit, a joint effort by TRON Network, Tether, and TRM Labs, has successfully frozen around $9 million linked to the recent ByBit hack. This step comes as part of a broader plan to prevent illicit activities in the crypto space. The T3FCU has also highlighted the importance of security measures in blockchain networks and issuers.

ByBit Exchange Hack The Worst Ever, ByBit Announces Bounty

The ByBit hack on February 21 was a massive one. The hack resulted in around $1.4 billion being stolen in crypto assets from the famous exchange.. Private blockchain investigators eventually found that the attack was carried out by the Lazarus Group, a hacking organization from North Korea known for its organized cybercrime. The hackers were able to divert around 400,000 ETH tokens to their own addresses from ByBit’s cold wallets.

After the massive security breach, several questions regarding centralized finance have been raised. It has led CEO Ben Zhou to reassure customers about the exchange’s solvency with over $20 billion in assets under management. In response to the attack, ByBit launched a bounty program named “Lazarus Bounty”, offering $140 million (10% of the stolen funds) as a reward to blockchain investigators and independent bounty hunters for tracking down the lost assets. Despite little success in tracing the funds across various wallets and exchanges, the road toward full recovery is rocky for Bybit.

TRON Plays Crucial Role in T3FCU, $9 Million Frozen

TRON Network has played a crucial role in the recent efforts to have the $9 million frozen. Through its collaboration with Tether and TRM Labs, TRON has established the T3 Financial Crimes Unit. With the help of TRON’s blockchain expertise, T3FCU was able to mobilize resources to track, freeze, or recover the stolen assets effectively. TRON founder Justin Sun has also supported ByBit publicly in this time of crisis, highlighting the importance of collaboration in the community. TRX, the native coin of the TRON network, has recently been in the news limelight, and its performance is being closely watched by investors. Let’s quickly take a look at how it has been performing with a price analysis and a TRX price prediction. 

TRX Price Analysis: TRON falls, Fails to Recover

TRX carried over its previous trading range to yesterday with strong support of $0.2297. However, failure to break the $0.23 resistance led TRON to slump. A death cross at 00:15 corroborated a price fall as TRX dived deep, reaching $0.2252 by 1:00 UTC. The RSI’s foray into the oversold zone quickly prompted a price reversal as TRON spiked up again, going $0.227. With a slight correction, the price embarked on a steep uptrend, supported by a golden cross on the MACD. The uptrend took TRX to $0.2287 by 6:20 UTC. However, the overbought situation again brought the price back down a little.

Chart 1: analyzed by raodevansh18, published on TradingView, March 25, 2025

As selling pressure dropped, TRX continued to climb, finding strong support at $0.2280. TRX then went on to challenge the $0.2301 barrier at 16:25 UTC but failed to do so. This resulted in the formation of a gradual downtrend as TRX dipped to $0.2259 by the early hours of March 25.

TRX Price Prediction: What’s Next for TRON?

TRX’s failure to capitalize from the $0.2280 base led to a downfall. If TRX can come back from this extended downtrend and find support a little higher on the charts, the coming few days could be set for key resistance breaks. But it must be noted that the RSI seems to going into the overbought region, and TRX may end up losing any progress it makes quickly. To get back to key levels, TRX will need extremely strong and sustained buying pressure.

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