Blockchain intelligence firm TRM Labs has launched Beacon Concierge, a managed service designed to let verified law enforcement agencies coordinate with exchanges and stablecoin issuers to interdict and seize illicit cryptocurrency funds on any chain and in any asset.
According to TRM's release dated November 13, many agencies lack direct issuer relationships or the capacity to package requests correctly while stolen funds are still moving. The service is built on the Beacon Network, which was launched in August 2025 and now has more than 200 members covering about 80% of global crypto trading volume. When flagged funds reach a member, the average time to action is measured in minutes.
Beacon Concierge has already supported 15 cases for 14 agencies across 10 countries, with more than $35 million frozen. TRM said more than $200 million has been interdicted with Beacon members to date. The company's investigators trace funds, prepare evidence packages, flag addresses, and support freeze and seizure requests, while stablecoin issuers can freeze funds on-chain.
CEO Esteban Castaño said: “Criminals move quickly, and the agencies pursuing them need a clear path to the issuers who can act. 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.”
TRM highlighted the network's response to the Binance exploit: it labeled more than 26,000 addresses across 14 blockchains, traced more than 67,000 transfers and links including over 1,050 cross-chain swaps, and followed funds from 59 origin addresses an average of 10 hops and as far as 71 hops. Network members flagged 39% of addresses, while Beacon identified the remaining 61% automatically, delivering more than 45,000 alerts to participating platforms.
DefiLlama data cited by TRM shows $8.78 billion has been lost across 341 crypto hacks and exploits year-to-date, led by a $6.36 billion breach at Binance.
