BINANCE, COINBASE JOIN TRM LABS TO COMBAT CRYPTO CRIME

Summary from the TLDR Crypto newsletter

Binance, Coinbase, Kraken, PayPal, Ripple, and others are among the first to join TRM Labs' Beacon Network, a real-time intelligence system built with law enforcement to fight crypto crime. The network provides suspicious address flagging, real-time alerts, and rapid response tools to freeze illicit assets before cashouts, with participation free and opt-in for verified members. TRM Labs estimates at least $47B in crypto has been sent to fraud-linked addresses since 2023, with the Beacon initiative targeting threats from ransomware, North Korean hackers, and terrorist financiers.