TRM Labs announced the launch of Beacon Network, a real time cryptocurrency crime response system designed to prevent illicit funds from leaving the blockchain. The network brings together major exchanges, payment companies and law enforcement agencies to stop criminal cash outs before they occur.
Founding members include prominent platforms such as Binance, Coinbase, PayPal, Stripe, Kraken, Robinhood and Ripple, alongside numerous others. Leading federal law enforcement agencies globally are actively contributing to the network by flagging addresses linked to critical threats.
The system operates through automated flagging, where verified investigators mark addresses connected to financial crime. Beacon Network then automatically traces those labels across related wallets. When tagged funds arrive at participating exchanges or issuers, the network triggers instant alerts, enabling platforms to proactively review and hold flagged deposits before withdrawal.
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