Binance has become a founding member of TRM Labs’ Beacon Network, marking a significant step in the fight against crypto crime. This pioneering real-time response system utilizes blockchain’s transparency to instantly alert all members when suspicious addresses linked to hacking, fraud, or financial crimes are verified. This proactive approach empowers Binance and other industry players to freeze funds before illicit withdrawals occur. 280 million users and high liquidity are key factors in Binance’s role as a crucial member in this initiative. 3 major crypto exchanges, including Coinbase, Kraken, Ripple and many others have joined the Beacon Network to provide comprehensive security infrastructure against attacks targeting North Korea, ransomware payments, terrorist financing, and fraudulent fund recoveries.