According to representatives of the platform, the network was created in cooperation with law enforcement agencies, exchanges and issuers of stablecoins. Among them: Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple and others.
The main goals of the network in TRM Labs called the fight against hackers, scams, North Korean groups and financing of terrorism, as well as the return of stolen funds to the victims.
“Until now, law enforcement agencies and cryptocurrency platforms acted disparate, reacting only after the disappearance of funds. With the advent of Beacon Network, the situation may completely change, ”the company said.
Suspicious addresses immediately fall into the “black list”, and when trying to withdraw to the exchange, the funds are automatically frozen by platform security services.
On the Web, proven participants can mark the addresses of wallets suspected of financial crimes, track funds in the blockchain and exchange information with connected support services and law enforcement agencies, TRM Labs noted.
Earlier, PeckShield blockchain specialists said that last month, scammers stole $ 142 million during 17 attacks. The amount of lost funds increased by 27% compared to June $ 111 million.
Source: Bits
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