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# Kraken,
80.27K
Crypto Giants Launch #Beacon Network To Freeze Sto
Major crypto firms, including #Coinbase, Binance, #Kraken, Robinhood and PayPal, have launched the Beacon Network to identify and freeze illicit blockchain funds in real-time.
The cross-sector initiative creates an "end-to-end kill chain for illicit crypto assets" moving from detection to action within minutes rather than days. At least $47billion has been sent to fraud-related addresses since 2023.
Verified members can flag suspicious wallet addresses, trace funds across blockchains and share information with connected services and law enfo
Major crypto firms, including #Coinbase, Binance, #Kraken, Robinhood and PayPal, have launched the Beacon Network to identify and freeze illicit blockchain funds in real-time.
The cross-sector initiative creates an "end-to-end kill chain for illicit crypto assets" moving from detection to action within minutes rather than days. At least $47billion has been sent to fraud-related addresses since 2023.
Verified members can flag suspicious wallet addresses, trace funds across blockchains and share information with connected services and law enfo
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