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2h ago

TRM Labs Launches Beacon Network for Real-Time Crypto Crime Alerts as Major Exchanges Join

The system propagates investigator risk labels to trigger instant alerts that help platforms freeze illicit funds.

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Coinbase, Ripple, and Binance join industry leaders as founding members of TRM Labs' Beacon Network
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Overview

  • Founding members span major exchanges and payments firms, including Coinbase, Binance, Kraken, PayPal, Stripe, Robinhood, OKX, Crypto.com and Blockchain.com.
  • Verified investigators flag suspicious wallets, Beacon auto‑propagates the risk to linked addresses, and participating platforms receive immediate alerts to review or hold deposits before cash‑outs.
  • TRM says leading law enforcement bodies are participating globally, though most remain undisclosed with the Australian Federal Police named as a participant.
  • TRM reports the network is already identifying cases, launching as it tallies more than $47 billion sent to fraud‑linked addresses since 2023 and over $2.3 billion stolen this year.
  • Stablecoin issuers Tether and Circle are not on the inaugural roster, a notable gap that could limit coverage across parts of the crypto ecosystem.