Binance Joins TRM Labs’ Beacon Network to Fight Crypto Crime
Binance has become a founding member of TRM Labs’ Beacon Network, a collaborative initiative aimed at strengthening defenses against crypto crime by using blockchain’s transparency and speed.
Real-time alerts for faster action
One of the biggest challenges in crypto security has been the lag in detection. Funds linked to hacks or fraud were often identified only after being withdrawn from exchanges, leaving little chance for recovery. The Beacon Network addresses this gap with a real-time alert system.
When illicit addresses are verified, all members receive instant notifications, enabling them to freeze suspicious funds before they exit the system. This model aims to disrupt ransomware payments, North Korea-related…
