⚡️ Coinbase, Binance, Kraken, Ripple, OKX, PayPal and others are joining forces and bringing in heavy artillery — Beacon Network, a live anti-scam network.

🎩 In addition to crypto giants, there are law enforcement agencies involved in the project. They share tags of suspicious wallets, and exchanges catch such deposits on the fly and immediately freeze withdrawals.

💲 Since 2023, scammers have transferred about $47 billion to exchange wallets. The new initiative has already shown results — the first tests helped track and freeze fraudulent transactions totaling $2.3 million.

🤨 Now it will be more difficult for hackers and scammers to withdraw money through major CEX, they will have to seek out dark OTC or small exchanges. $BTC