PANews August 22 news, according to Crypto In America, blockchain intelligence company TRM Labs announced the launch of Beacon Network, in collaboration with exchanges such as Coinbase, Binance, Kraken, Robinhood, Ripple, Crypto.com, Bitfinex, and payment giants like PayPal and Stripe, to cooperate with global law enforcement agencies, aiming to block the channels for cryptocurrency crime funds to escape. TRM data shows that since 2023, fraudulent cryptocurrency funds have reached 47 billion dollars. Tether has not yet joined this network.