Beacon Network: Real-Time Crypto Security and Collaboration for a Safer Digital Asset Environment

TRM Labs has launched the Beacon Network, a real-time system to combat crypto crime, in partnership with Coinbase and Binance. Beacon monitors blockchain transactions and alerts exchanges, law enforcement, and researchers to suspicious activity. This collaboration enables faster responses and stronger coordination, making the crypto market safer for investors and institutions.

TRM Labs has introduced the Beacon Network, a real-time system designed to combat crypto crime. This initiative, in partnership with Coinbase and Binance, aims to enhance the security of the crypto market by monitoring blockchain transactions and alerting exchanges, law enforcement, and researchers to suspicious activity. The Beacon Network facilitates faster responses and stronger coordination, making the crypto market safer for investors and institutions.

The Beacon Network is the first real-time crypto crime response network, enabling the tracking of illicit funds across the blockchain. Since its inception, the network has registered several successes in tracing and freezing funds linked to cybersecurity incidents. For instance, a law enforcement agency used the Beacon Network to trace $1.5 million linked to an unidentified global scam, effectively blacklisting the address and freezing the funds when they were sent to an exchange [1].

The network operates by allowing verified users, including law enforcement agencies, vetted partners, and security researchers, to flag addresses suspected of financial crime. These flags are propagated across related wallets, and real-time alerts are triggered when tagged funds reach participating exchanges or issuers. This rapid response mechanism enables crypto platforms to proactively review and hold flagged deposits before withdrawal, preventing illicit cash-outs [2].

The Beacon Network is already in use, with several key targets identified, such as addresses and transactions linked to teams of North Korean IT workers who have been scamming crypto firms worldwide. The network aims to disrupt hackers, scammers, prevent terrorist financing, and recover funds for victims. Additionally, the network seeks to expand by finding new companies that wish to join [1].

The collaboration between TRM Labs, exchanges, and law enforcement agencies marks a significant step forward in combating crypto crime. The Beacon Network's real-time intelligence and automated detection capabilities are expected to bolster the security of the crypto ecosystem, protecting consumers and safeguarding the integrity of the market.

References:
[1] https://cointelegraph.com/news/crypto-firms-launch-beacon-network-real-time-crypto-crime-tracking
[2] https://www.globenewswire.com/news-release/2025/08/20/3136350/0/en/TRM-Labs-Launches-Beacon-Network-the-First-Real-time-Crypto-Crime-Response-Network.html