Techub News: TRM Labs announced the establishment of the Beacon Network to track and freeze illegal funds on the blockchain. Under the Beacon Network framework, verified members can flag wallet addresses suspected of financial crimes, track the flow of funds on the blockchain, and share information with affiliated services and law enforcement agencies.

The founding members of this cross-industry network include Coinbase, Binance, Kraken, Robinhood, PayPal, Anchorage Digital, Stripe, Ripple, among others, with other security researchers including ZachXBT and the Security Alliance (SEAL).