Huobi HTX joins TRM Labs Beacon Network to strengthen global crypto financial crime prevention and control

The cryptocurrency trading platform Huobi HTX announced today that it has officially joined the world's first real-time cryptocurrency crime response network Beacon Network as a founding member. Through close cooperation with leading exchanges and law enforcement agencies worldwide, Huobi HTX has once again demonstrated its firm commitment to combating illegal financial activities, safeguarding user asset security, and building a trustworthy cryptocurrency ecosystem.

The Beacon Network aims to unite exchanges, stablecoin issuers, and regulators to monitor, tag, and block illegal fund flows in real-time, preventing them from being cashed out through cryptocurrency channels. Relying on instant alerts and collaborative response mechanisms, the network shifts the cryptocurrency industry's response model to crime from "post-event reaction" to "real-time prevention," addressing long-standing vulnerabilities exploited by criminals.

The Chief Security Officer of Huobi HTX stated: "With the rapid development of the cryptocurrency industry, criminal activities such as hacking and money laundering have become increasingly specialized, intelligent, complex, and rapid. A single team can no longer effectively respond independently; we must work together across the industry to build a joint defense and control system. Huobi HTX thanks TRM Labs for initiating this collaboration and looks forward to working alongside global partners to build a 'Great Wall' for the cryptocurrency industry, jointly safeguarding the security and bright future of the industry."

By joining the Beacon Network, Huobi HTX further highlights its firm and ongoing investment in compliance and security, while helping to expand the network's global coverage and real-time response capabilities, enabling exchanges and law enforcement agencies to take swift action. The industry is thus establishing new cooperation standards to prevent illegal fund flows before risks occur, protecting user and market safety.

About Huobi HTX

Founded in 2013, Huobi HTX has evolved over 12 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.

About TRM Labs

TRM Labs is a leading provider of blockchain intelligence solutions, serving clients including financial institutions, cryptocurrency enterprises, and law enforcement agencies. Through advanced analytical tools and expert support, TRM Labs is committed to helping build a safer financial system globally.