Blockchain intelligence firm TRM Labs has launched the Beacon Network, the first real-time crypto crime response system designed to stop illicit funds before they exit the blockchain.
The initiative brings together major exchanges, stablecoin issuers, and law enforcement agencies worldwide to block off-ramps for stolen or fraudulent digital assets. Founding members include Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, Crypto.com, Zodiac Custody, Blockchain.com, Anchorage Digital, Bitfinex, HTX, Poloniex, OKX, 1inch, Rhino.fi, and ChangeNow, alongside federal law enforcement bodies and independent security researchers such as ZachXBT and Security Alliance (SEAL).
🚨 Introducing Beacon Network: The first real-time crypto crime response network. Exchanges, issuers, and law enforcement can now trace funds instantly — and act before criminals cash out.
Learn more: https://t.co/ZtslbTyOfM#BeaconNetwork #TRMLabs pic.twitter.com/IX7MPRntF0
— TRM Labs (@trmlabs) August 20, 2025
TRM data shows that since 2023, more than $47 billion in crypto has been sent to fraud-related addresses, with 2025 already marking a record year for hacks totaling over $2.3 billion. The $1.5 billion Bybit hack alone saw attackers move funds through 10,000 transactions in just a month, underscoring the need for faster, coordinated responses.
Beacon Network shifts the industry from reactive to preventive measures. Verified investigators can flag suspicious wallets, triggering instant alerts when funds touch participating platforms. Exchanges can then freeze assets before they are laundered or withdrawn. Membership is free for verified exchanges and law enforcement partners.
Industry leaders say the system could reshape crypto crime prevention. Coinbase’s Global Head of AML, Valerie-Leila Jaber, called it “a true early warning system,” while PayPal’s David Szuchman said it embodies “responsible growth in the digital asset space.” Kraken’s compliance chief CJ Rinaldi emphasized the ability to act “within moments,” and Binance’s Noah Perlman noted the importance of cross-collaboration for building trust.
TRM CEO Esteban Castaño framed Beacon as a turning point: “With the right infrastructure, crypto can be the most secure financial system in the world.”
The launch follows TRM’s T3 Financial Crime Unit, which since September 2024 has blocked over $250 million in illicit assets. Binance has now joined the alliance, further expanding its reach against money laundering and terror financing.
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