TRM Labs partners with Binance and Coinbase to launch the first real-time response network for cryptocurrency crime

BlockBeats news, on August 21, TRM Labs launched the Beacon Network in collaboration with Coinbase, Binance, Kraken, PayPal, and others, creating the world's first real-time cryptocurrency crime response network. This network aims to track and freeze illegal crypto funds in real-time through collaboration between CEXs, payment institutions, law enforcement, and security researchers.

TRM Labs claims this is the first 'end-to-end strike chain' against illegal crypto assets, with detection to action taking only a few minutes. (Cointelegraph)