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A consortium of crypto industry heavyweights, law enforcement agencies, security researchers, and fintech firms has come together to form the Beacon Network — a real-time crypto crime response system that can help freeze illicit funds before they can be laundered or withdrawn. Summary TRM Labs launched Beacon Network with support from crypto industry heavyweights. The … Read more
Key Takeaways TRM Labs has unveiled the Beacon Network, billed as the first real-time crypto crime response system. Founding members include Coinbase, Binance, Ripple, Kraken, PayPal, Stripe, Robinhood, OKX, Crypto.com, and Blockchain.com, alongside security researchers and global agencies. Share this article Blockchain company TRM Labs has launched Beacon Network, a real-time crypto crime response network … Read more
The Embargo ransomware group has stolen $34.2 million since emerging in April 2024, targeting victims across the healthcare, business services, and manufacturing sectors, according to TRM Labs research. Most victims are located in the U.S., with ransom demands reaching up to $1.3 million per attack. The cybercrime group has hit major targets, including American Associated … Read more
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