Binance has become a founding member of the Beacon Network, helping to combat crypto crime in real-time

ChainCatcher news, Binance has announced its membership as a founding member of the Beacon Network, joining the world's first real-time cryptocurrency crime response network. This network is developed by TRM Labs and collaborates with leading companies in the cryptocurrency industry and law enforcement agencies, aiming to prevent illegal funds from leaving the blockchain through real-time intelligence sharing and collaboration. As the world's largest cryptocurrency exchange, Binance's participation will enhance the security of the crypto ecosystem and promote the long-term growth and adoption of crypto assets.

Binance's Global Chief Compliance Officer Noah Perlman stated, "It has been proven that blockchain is one of the most powerful tools in the fight against financial crime. The Beacon Network further facilitates collaboration between the public and private sectors, ensuring that we continue to reduce the crime rate on the blockchain."