TRM Labs has launched the Beacon Network, the first real-time crypto crime response system designed to detect and freeze illicit funds on the blockchain before they can be cashed out. The network is a public-private initiative developed in partnership with law enforcement agencies, major cryptocurrency exchanges such as Binance, Coinbase, Kraken, OKX, and Ripple, as well as payment firms and security researchers. Binance and Coinbase are among the founding members, with Binance highlighting its large user base and commitment to enhancing security. The Beacon Network aims to strengthen collaboration across the crypto industry and law enforcement to prevent fraud and theft, addressing a growing concern as the crypto ecosystem experienced record thefts totaling $2.3 billion in 2025. Additional members like 1inch and HTX have also joined the network, emphasizing the importance of trust and real-time cooperation in protecting users and maintaining ecosystem resilience. The network's launch coincides with ongoing efforts to innovate and regulate the crypto space to ensure safer transactions and reduce losses from illicit activities.