A collective of crypto and traditional finance firms, law enforcement and security researchers has formed a new “crypto crime response network” — known as the Beacon Network — to identify and freeze illicit funds on the blockchain. 

TRM Labs on Wednesday data-ct-non-breakable=”null” href=”https://www.trmlabs.com/resources/blog/trm-labs-launches-beacon-network-the-first-real-time-crypto-crime-response-network” rel=”noopener nofollow” target=”_blank” title=”null”>said the “Beacon Network” creates “an unprecedented level of industry collaboration to block off-ramps for criminal funds.”

At least $47 billion has been sent to fraud-related addresses since 2023, according to new data from TRM Labs, though the number is likely to be far…

A collective of crypto and traditional finance firms, law enforcement and security researchers has formed a new “crypto crime response network” — known as the Beacon Network — to identify and freeze illicit funds on the blockchain. 

TRM Labs on Wednesday data-ct-non-breakable=”null” href=”https://www.trmlabs.com/resources/blog/trm-labs-launches-beacon-network-the-first-real-time-crypto-crime-response-network” rel=”noopener nofollow” target=”_blank” title=”null”>said the “Beacon Network” creates “an unprecedented level of industry collaboration to block off-ramps for criminal funds.”

At least $47 billion has been sent to fraud-related addresses since 2023, according to new data from TRM Labs, though the number is likely to be far…