Beacon Network: crypto giants unite to fight crime in real time

Major crypto companies, including Coinbase, Binance, PayPal, Robinhood, Stripe, and Kraken, launched on August 20, 2025, the Beacon Network, a system designed to detect illicit funds in real time. The project was announced by TRM Labs and involves over 20 founding members, federal agencies, and security researchers.

The network enables cryptocurrency exchanges to receive instant alerts when suspicious funds reach participating platforms. This allows them to block deposits before the money can be withdrawn or transferred off the system.

According to TRM Labs, more than $47 billion has been sent to fraud-related addresses since 2023. The year 2025 has already set records, with over $2.3 billion stolen through hacks.

Data shows that in 68% of crypto attacks, funds are moved before incidents are made public, while the recovery rate in the first half of 2025 was only 4.2%.

Beacon Network aims to close this gap, in a context where hackers can sometimes complete laundering processes in under three minutes.