Overview

• Founding members span major exchanges and fintechs, including Coinbase, Binance, Kraken, Ripple, Robinhood, PayPal, Stripe, OKX, Crypto.com, Blockchain.com, Anchorage Digital, Bitfinex, HTX, Poloniex, Zodia Custody, and others.
• Beacon automatically traces linked wallets and sends immediate notifications to participating exchanges or issuers so flagged funds can be reviewed and frozen before withdrawal.
• TRM Labs says early pilots have already helped trace and allow freezes or interceptions in cases totaling about $2.3 million, including a $1.5 million scam and an $800,000 suspected scam.
• TRM asserts extensive law-enforcement participation across multiple countries but has publicly named only the Australian Federal Police.
• Stablecoin issuers Tether and Circle are not on the initial roster, a notable gap given the role of stablecoins in rapid cash‑out routes.