TRM Labs Launches Beacon Network to Track Stolen Crypto

TRM Labs Launches Beacon Network to Hunt Down Stolen Crypto

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 21, 2025

Key Takeaways

TRM Labs launched the Beacon Network to help exchanges, payment firms, and authorities track and freeze stolen digital assets;
At least $47 billion has moved to fraud-linked wallets since 2023, while the Beacon Network enables faster alerts and action before funds vanish;
Founding members include Coinbase, Binance, Kraken, PayPal, Ripple, and law enforcement, targeting scams, hacks, and terrorist financing.

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TRM Labs has announced the launch of the Beacon Network, a system built to help exchanges, payment firms, and authorities trace and freeze stolen digital assets.

The company describes it as a new level of cooperation across industries that aims to cut off exit routes for funds linked to crime.

Since the start of 2023, TRM Labs estimates that at least $47 billion has flowed into addresses tied to fraud. In many cases, money is moved so quickly that by the time law enforcement responds, the funds are already dispersed.

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The Beacon Network is meant to close this gap. Verified members can flag suspicious wallets, follow transactions across chains, and share the data with services and agencies. If flagged assets hit a participating exchange or platform, an alert is sent automatically.

The founding group includes Coinbase $2.19B , Binance $9.32B , Kraken $473.34M , Robinhood, PayPal, Anchorage Digital, and Ripple. Independent researchers such as ZachXBT and the Security Alliance (SEAL) are also part of the effort.

TRM Labs added that law enforcement bodies worldwide are contributing by providing information on addresses linked to serious threats.

Beacon Network is already active and has helped track funds in cybercrime cases. The network’s focus includes blocking operations tied to North Korean IT groups targeting crypto firms, disrupting scams and hacking campaigns, preventing terrorist financing, and returning stolen assets to victims.

Recently, SoFi Technologies announced plans to launch a Bitcoin Lightning and UMA-powered transfer service. How does it work? Read the full story.