TRM Labs Launches Beacon Network with Top Exchanges Onboard

TRM Labs just flipped the script on crypto compliance—launching Beacon Network with major exchanges already locked in.

The Compliance Game-Changer

Forget clunky manual processes. This real-time intelligence sharing platform cuts through regulatory fog like a hot knife through butter. Exchanges now share threat data instantly—no more playing whack-a-mole with bad actors across siloed systems.

Why This Actually Matters

Top-tier exchanges didn't just sign on—they helped build the damn thing. That's like getting competing banks to share their fraud playbooks. Shows how desperate the industry is for solutions that don't suck.

The Ironic Twist

Wall Street spends billions on compliance and still gets fined regularly. Crypto builds a decentralized solution in months that might actually work better—talk about eating their lunch.

Final Take: Finally some grown-up infrastructure that doesn't treat every regulator like the enemy. Maybe now we can focus on building instead of constantly putting out fires.

How Beacon Network Works

Beacon Network provides four main services: flagging suspicious activity, spending real-time alerts to participating firms, rapid response to review and hold flagged deposits, while allowing verified members to submit claims to track and recover stolen funds.

TRM Labs estimates that over $47 billion in cryptocurrency has been sent to fraud-related addresses since 2023. The network will, therefore, especially target attacks by North Korean hackers, ransomware operators, terrorist financiers, and child abuse-related financial flows. 

Coinbase Global Head of Anti-Money Laundering Valerie-Leila Jaber said that it’s an early warning system that allows spotting and freezing illegal funds so law enforcement can recover them. She added, “Access to real-time intelligence is a game changer.”

Also Read: Coinbase Global Completes Acquisition of Deribit FZE