On June 3rd, the symposium on "Investigation, Prosecution, and Evidence Preservation of Virtual Currency Crimes" hosted by Southwest University of Political Science and Law was successfully held, focusing on core issues such as investigation practices, legal characterization, and cross-border collaboration in virtual currency crimes. Justin Sun, founder of TRON and senior advisor at Shanghai Xizheng Law Firm, was invited to attend and deliver a speech, engaging in in-depth discussions with judicial and academic experts on the challenges and countermeasures of virtual currency crimes. This marks the continuous strengthening of collaboration between the blockchain industry and the judicial system in combating emerging crimes.
Cross-Sector Collaboration: Industry and Judiciary Explore Virtual Currency Crime Governance
Lin Wei, deputy party secretary and president of Southwest University of Political Science and Law, pointed out in his opening remarks that virtual currency crimes pose a systematic challenge to the criminal justice system. Solving problems such as "difficult source tracing, difficult criminal prosecution, and difficult evidence preservation" urgently requires collaborative innovation in criminal substantive and procedural laws, as well as deep integration of legal theory and judicial practice.
In this context, Justin Sun shared profound insights and technical practice experiences from the industry frontline on key issues such as the legal attributes of virtual currencies, cross-border evidence collection, and price determination. His speech provided valuable practical references for the judicial system to understand the underlying operational logic, transaction characteristics, and derived criminal methods of virtual assets, building a bridge between industry cognition and judicial practice.
Meanwhile, heavyweight experts from judicial and academic fields, including Li Tao from Beijing Haidian District People's Procuratorate, Wang Dong from the Eighth Prosecution Department of Beijing Chaoyang District People's Procuratorate, Xie Ling, vice dean of the Criminal Investigation Academy at Southwest University of Political Science and Law, Jiang Jiayun, deputy director of the First Criminal Division of Chongqing Higher People's Court, and Ye Ning, lecturer at the Law School of Southwest University of Political Science and Law, also contributed key insights from their respective professional perspectives.
Practicing Crime Governance: Justin Sun and TRON's On-Chain Practices
Facing the complex challenges of virtual currency crimes, the industry's own governance practices are particularly important. To effectively address on-chain illegal activities, enhance transaction transparency, and cooperate with global judicial institutions in combating crimes, in September 2024, TRON, Tether, and blockchain intelligence company TRM Labs jointly established the T3 Financial Crime Unit (T3 FCU). It is understood that this group focuses on on-chain transaction monitoring, abnormal behavior identification, and risk warning, and has multiple times collaborated with domestic and foreign judicial and compliance institutions in virtual asset tracking, asset freezing, and on-chain data analysis investigations.
According to public data, since its establishment, the T3 FCU has successfully helped global law enforcement agencies freeze over $150 million in crypto assets involved in crimes, covering areas such as fraud, ransomware, and drug trading. The AI contract audit system developed in collaboration with TRM Labs has a vulnerability interception rate of 98.7% and has been adopted by the U.S. Treasury as an anti-money laundering standard.
With the development of the virtual currency market and the gradual implementation of regulatory frameworks, how to find a balance between industry self-discipline, compliance construction, and technical protection has become an unavoidable topic in the industry. Justin Sun's appearance at the Southwest University of Political Science and Law symposium was interpreted by many observers as "industry pioneers actively approaching regulation and the legal community," demonstrating a positive attitude of deep collaboration between the industry and judiciary.
Many experts at the symposium also stated that faced with new types of crimes arising from virtual currencies, the judicial system urgently needs to absorb practical experiences and data support from the industry frontline, while platforms also need to understand the boundaries of legal governance and promote sustainable development within a compliance framework.
The neutrality of blockchain technology cannot automatically curb crimes. The joint participation of practitioners and governance institutions is becoming an effective path to address emerging risks.
