Crypto Exchanges Join ‘Beacon Network’ to Fight Crypto Crimes

Major crypto and payments platforms have unveiled a new collaborative defense against illicit finance: the Beacon Network, billed as the industry’s first real-time crypto crime response system. Developed by blockchain-intelligence firm TRM Labs, the network connects exchanges, issuers, law enforcement and vetted researchers so they can flag suspect wallets, broadcast alerts across participants, and block cash-outs in minutes rather than days.

According to TRM Labs and participating companies, founding members include Binance, Coinbase, Kraken, Robinhood, Ripple, Crypto.com, OKX, Poloniex, Anchorage Digital, PayPal and Stripe, alongside global law-enforcement bodies (TRM publicly named the Australian Federal Police and said others are involved but not yet listed).

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