Blockchain analytics firm TRM Labs has launched Beacon Concierge to help police trace and seize stolen cryptocurrency.
The managed service enables any law enforcement agency to work with exchanges and stablecoin issuers to intercept and seize illicit crypto across any chain or asset without a TRM license.
Once verified, an agency can file one request covering multiple blockchains. TRM’s investigators trace the funds, gather evidence, and flag wallet addresses.
They route requests to exchanges or stablecoin issuers that can freeze the assets
Criminals move quickly, and the agencies pursuing them need a clear path to the issuers who can act, said Esteban Castaño, CEO and co-founder of TRM Labs. Beacon Concierge puts our investigators, our tracing and the Beacon Network behind every verified agency, so more cases can move from first lead to issuer action.
The service builds on the Beacon Network, which was launched in August 2025. It has more than 200 members that cover 80% of crypto trading volume.
TRM said that, to date, over $200 million has been interdicted alongside Beacon members. Already, Beacon Concierge has frozen more than $35 million across 15 cases for 14 agencies in 10 countries.
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Beacon Network’s response to the Binance hack
To illustrate the scale involved, TRM pointed to the Beacon Network’s response to the Binance hack.
After the theft, the Beacon Network tagged more than 26,000 addresses across 14 blockchains.
To date, the company has traced more than 67,000 transfers and links, including over 1,050 cross-chain swaps. Its network members flagged 39% of the addresses, while Beacon added the other 61% automatically from those flags.
In total, the network delivered over 45,000 alerts to participating platforms.
The Binance hack shows why cross-chain and multi-asset coordination is more important than ever. No investigator could have followed every branch by hand. Beacon Concierge is built so that any agency, not only those with a large team and an existing issuer relationship, can put that kind of coverage behind a case, TRM said.
The FBI has attributed the October 29, 2026, theft of over $6 billion in crypto from Binance to North Korea. It linked the exploit to the state-sponsored cyber group known as TraderTraitor.
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