PANews reported on August 22nd that according to Crypto In America, blockchain intelligence firm TRM Labs announced the launch of the Beacon Network. The network, which collaborates with exchanges such as Coinbase, Binance, Kraken, Robinhood, Ripple, Crypto.com, and Bitfinex, as well as payment giants like PayPal and Stripe, aims to disrupt the flight channels for crypto-related criminal funds, in collaboration with global law enforcement agencies. TRM data shows that since 2023, $47 billion has been involved in cryptocurrency fraud. Tether has not yet joined the network.
TRM Labs and other organizations launch Beacon Network to combat crypto crime
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