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TRM Labs, in partnership with prominent cryptocurrency firms, has introduced a tool for rapid response to digital asset offenses.
The TRM Labs team, known for its crypto compliance analytics solutions, has officially rolled out Beacon Network, a tool aimed at curbing illegal fund transfers within blockchain environments. This solution creates reliable real-time communication links between law enforcement, cryptocurrency exchanges, and asset issuers.
The development of this tool involved collaboration with significant industry stakeholders, including:
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- crypto exchanges: Coinbase, Binance, Kraken, Crypto.com, Bitfinex, HTX, Poloniex, OKX, 1inch, Rhino.fi, Coinspot, ChangeNow;
- payment processors: PayPal, Stripe, Robinhood;
- asset issuers and custodians: Ripple, Zodia Custody, Blockchain.com, Anchorage Digital;
- law enforcement and research entities: Security Alliance (SEAL), zeroShadow, Hypernative, Operation Shamrock, CryptoForensics Investigators, ZachXBT.
TRM Labs reports that since 2023, at least $47 billion has been transferred to fraudulent addresses. A recent Global Ledger report found that hackers siphoned off over $3 billion in cryptocurrency in the first half of 2025 alone. On average, it takes a little over 15 hours from the initial breach to the first movement of funds, while public announcements take at least 37 hours, providing criminals with more than 20 hours to launder the stolen assets.
Beacon Network’s strategy transitions from a reactive stance to a preventative one. The system facilitates:
- <li tagging addresses linked to financial crimes, with automatic dissemination of these tags associated wallets;
- issuing immediate alerts when tagged funds reach a connected platform;
- halting suspicious transactions.
Beacon Network received high accolades from industry experts. CJ Rinaldi, Chief Compliance Officer at Kraken, referred to it as a new chance for crypto exchanges to establish a secure and trustworthy digital asset marketplace. David Szuchman, Senior VP and Global Head of Financial Crimes and Customer Protection at PayPal, emphasized that the tool will enhance the overall integrity of the cryptocurrency ecosystem. Noah Perlman, Binance’s Chief Compliance Officer, mentioned that Beacon Network could serve as a foundational element for fostering trust and broader adoption within the crypto sector.
In 2025, hackers carried out the largest cryptocurrency exchange hack in history, targeting Bybit for $1.4 billion by exploiting a vulnerability in Safe{Wallet}.
Сообщение Instant Response System for Crypto Crimes Launched появились сначала на CoinsPaid Media.
