Beacon Network: Global Alliance Against Crypto Crime
TRM Labs And Industry Giants Launch Beacon Network: A Global Front Against Crypto Crime
As crypto-related fraud and cybercrime become increasingly sophisticated, TRM Labs has announced the launch of Beacon Network – a global collaboration network that brings together leading crypto exchanges, traditional financial institutions, law enforcement agencies, and cybersecurity experts.
Main objective: Prevent money laundering and stop illegal transactions on the blockchain at the earliest stage.
According to statistics, since 2023 at least $47 billion has flowed into wallets linked to scams and cybercrime – with the real figure likely much higher.
How It Works: Detect & Block Illicit Funds Within Minutes
The highlight of Beacon Network is its “end-to-end kill chain” mechanism:
When a wallet is suspected of being linked to criminal activity, verified members of the network can flag the address.
The system immediately tracks and alerts when suspicious funds appear on a participating exchange.
Thanks to this, exchanges such as Binance, Coinbase, Kraken, Ripple, PayPal… can freeze transactions within minutes, instead of suffering delays of several days.
This marks a huge shift compared to the past, where authorities could only react after funds had been laundered or obfuscated. For example, in the $1.5 billion Bybit hack in early 2025, the stolen funds were dispersed across more than 10,000 transactions within a month, making recovery nearly impossible.
Who’s Involved In Beacon Network?
The founding member list is impressive:
Exchanges & financial services: Coinbase, Binance, Kraken, Robinhood, PayPal, Ripple, Anchorage Digital
Cybersecurity experts & community: ZachXBT, SEAL cybersecurity alliance
Law enforcement: from the U.S., Europe, and Asia – with a particular focus on North Korean hacker groups responsible for billions in damages.
Early Success Stories
Though newly launched, Beacon Network has already achieved results:
Helped investigators prevent $1.5 million tied to an international scam before it could be withdrawn.
Detected and froze $800,000 deposited into a major exchange connected to fraudulent activity.
A crucial safeguard: only verified members (trusted exchanges, law enforcement, cybersecurity experts) are authorized to flag wallets, minimizing risks of misuse or false reports.
Conclusion
The launch of Beacon Network marks a significant milestone in the fight against blockchain and crypto crime. With the combined strength of TRM Labs, Binance, Coinbase, Ripple, and global partners, the system is set to become a “shield” protecting the crypto industry, reinforcing trust among investors and the broader ecosystem.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.