{"id":2391,"date":"2025-08-20T16:55:23","date_gmt":"2025-08-20T16:55:23","guid":{"rendered":"http:\/\/ft365.org\/index.php\/2025\/08\/20\/trm-launches-industry-wide-platform-to-fight-crypto-crimes\/"},"modified":"2025-08-20T16:55:23","modified_gmt":"2025-08-20T16:55:23","slug":"trm-launches-industry-wide-platform-to-fight-crypto-crimes","status":"publish","type":"post","link":"http:\/\/ft365.org\/index.php\/2025\/08\/20\/trm-launches-industry-wide-platform-to-fight-crypto-crimes\/","title":{"rendered":"TRM Launches Industry-Wide Platform to Fight Crypto Crimes"},"content":{"rendered":"<div id=\"cphContent_pnlArticleBody\">\n<div id=\"layout-2d2d2116-ec7a-464e-970f-211d6f2a8171\" data-layout-id=\"2\" data-edit-folder-name=\"text\" data-index=\"0\">\n<p>In an industry-first, TRM Labs has launched Beacon Network, an intelligence-sharing platform designed to prevent illicit funds from leaving the blockchain and build a real-time crypto crime response network.<\/p>\n<p>The initiative was announced on August 20 on the heels of new TRM Labs data that showed that at least $47bn in cryptocurrency has been sent to fraud-related addresses since 2023.<\/p>\n<p>The idea behind Beacon Network is to bring together different actors in the cryptocurrency and cybersecurity ecosystem to share intelligence in real-time in order to prevent major crypto heists like the $1.5bn Bybit hack.<\/p>\n<p>Specifically, Beacon Network focuses on several high-impact areas:<\/p>\n<ul>\n<li>North Korean (DPRK) IT worker and hack fund disruption<\/li>\n<li>Ransomware payment interdiction<\/li>\n<li>Terrorism financing prevention<\/li>\n<li>Recovering scam victim funds<\/li>\n<li>Child sexual abuse material-related financial flows<\/li>\n<\/ul>\n<p>The initiative was developed in collaboration with law enforcement across dozens of countries, leading financial platforms, cryptocurrency exchanges and stablecoin issuers, and a few crypto-security researchers and research firms.<\/p>\n<p><em>Read more: Bybit Heist Fuels Record Crypto-Theft Surge, Says CertiK<\/em><\/p>\n<p>Some of the top crypto exchanges joining Beacon Network include Binance, Bitfinex, Coinbase, Crypto.com, HTX, OKX and Kraken alongside other crypto-related companies, such as Ripple, Zodia Custody and Blockchain.com.<\/p>\n<p>Some established fintech companies have also joined, including PayPal, Robinhood and Stripe, as well as some of the most active researchers in the world of crypto crimes \u2013 including ZachXBT, Security Alliance (SEAL), zeroShadow, Hypernative, Operation Shamrock and CryptoForensics Investigators.<\/p>\n<\/p><\/div>\n<figure id=\"layout-044ae278-6bae-4958-9f56-afcd6ef1bc2f\" data-layout-id=\"8\" data-edit-folder-name=\"embed\" data-index=\"1\"><\/figure>\n<div id=\"layout-49647cf7-a3b1-46e9-9a95-f00f184d5ffc\" data-layout-id=\"2\" data-edit-folder-name=\"text\" data-index=\"2\">\n<h2><strong>How the Beacon Network Platform Works<\/strong><\/h2>\n<p>According to TRM Labs\u2019 announcement, Beacon Network is pursuing four objectives:<\/p>\n<ol>\n<li>Flagging and propagation: Verified investigators (which includes some members of vetted law enforcement agencies, TRM Labs\u2019 partner members and vetted security researchers) flag addresses linked to financial crime and Beacon Network automatically propagates those labels across related wallets<\/li>\n<li>Real-time alerts: When tagged funds arrive at a participating exchange or issuer, Beacon Network triggers an instant alert<\/li>\n<li>Rapid response: Crypto platforms can proactively review and hold flagged deposits before withdrawal, stopping illicit cash-outs in their tracks<\/li>\n<li>Accessible by design: Affiliate membership is free for verified exchanges and law enforcement partners<\/li>\n<\/ol>\n<p>Vetted law enforcement agencies are located in Australia, Canada, Germany, Ireland, the Netherlands, Portugal, Spain, South Korea, Switzerland, the UK, the US and more.<\/p>\n<p>According to TRM Labs, the difference between Beacon Network and similar initiatives lies in the real-time response.<\/p>\n<p>\u201cIn real time, Beacon Network automatically traces those funds across the blockchain and propagates that intelligence to connected services,\u201d the announcement reads.<\/p>\n<p>\u201cWhen flagged funds hit a participating platform, the system immediately sends an alert \u2014 all without human intervention. This automated tracing and real-time notification means that illicit funds can be identified, tracked, and acted on before they can be withdrawn or laundered.\u201d<\/p>\n<h2><strong>Proving That Crypto Can Be the \u201cMost Secure Financial System\u201d <\/strong><\/h2>\n<p>Esteban Casta\u00f1o, CEO and co-founder of TRM Labs, assured that Beacon Network\u2019s aim is not to add another layer of compliance.<\/p>\n<p>\u201cIt\u2019s about unlocking the full potential of crypto: real-time transparency, automated detection, and rapid response. Beacon Network proves that with the right infrastructure, crypto can be the most secure financial system in the world,\u201d he added.<\/p>\n<p>Valerie-Leila Jaber, global head of anti-money laundering (AML) at Coinbase, was equally hyperbolic. \u201cThere\u2019s no program like Beacon Network,\u201d she said.<\/p>\n<p>\u201cIt\u2019s a true early warning system that helps us identify and freeze illicit assets so law enforcement can recover them. That\u2019s critical for protecting victims and safeguarding the broader ecosystem. Access to real-time intelligence is a game changer.\u201d<\/p>\n<p>Marc Fungard, head of financial crime, compliance and risk oversight at Stripe, noted that Beacon Network helps close the gap in traditional financial oversight.<\/p>\n<p>\u201cFinancial crime doesn\u2019t respect the line between traditional finance and crypto, so risk management must cover both on-chain and off-chain activity. We\u2019re eager to contribute to Beacon Network\u2019s real-time, collaborative model, which turns persistent, shared signals into swift, coordinated action with law enforcement \u2013 helping protect users and strengthen the wider financial system,\u201d he said.<\/p>\n<p>TRM Labs said Beacon Network encourages other actors to join, especially law enforcement agencies, stablecoin issuers, crypto exchanges, decentralized finance (DeFi) platforms, security researchers and \u201cother trusted members of the cryptocurrency ecosystem.\u201d<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In an industry-first, TRM Labs has launched Beacon Network, an intelligence-sharing platform designed to prevent illicit funds from leaving the blockchain and build a real-time crypto crime response network. The initiative was announced on August 20 on the heels of new TRM Labs data that showed that at least $47bn in cryptocurrency has been sent<\/p>\n","protected":false},"author":2,"featured_media":2392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"featured_image_urls":{"full":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"thumbnail":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65-150x150.jpg",150,150,true],"medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"medium_large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"1536x1536":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"2048x2048":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"morenews-featured":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"morenews-large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"morenews-medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65.jpg",300,300,false],"crawlomatic_preview_image":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/08\/2391-56cf9e27-fea5-4c5c-ae5d-185ff31d4f65-146x146.jpg",146,146,true]},"author_info":{"display_name":"henry","author_link":"http:\/\/ft365.org\/index.php\/author\/henry\/"},"category_info":"<a href=\"http:\/\/ft365.org\/index.php\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/2391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/comments?post=2391"}],"version-history":[{"count":0,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/2391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media\/2392"}],"wp:attachment":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media?parent=2391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/categories?post=2391"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/tags?post=2391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}