TRM Labs Joins Multiple Institutions to Launch Beacon Network to Combat Crypto Crime

According to news from HashKey, blockchain intelligence company TRM Labs has announced the launch of the Beacon Network, collaborating with exchanges such as Coinbase, Binance, Kraken, Robinhood, Ripple, Crypto.com, and Bitfinex, as well as payment giants PayPal and Stripe, to work with law enforcement agencies worldwide, aiming to block the escape routes for crypto crime funds. TRM data shows that since 2023, cryptocurrency funds related to fraud have reached 47 billion dollars. Tether has not yet joined this network.