TRM Labs launches service to help police seize crypto
By Liezl GambeKey points
- TRM Labs has launched Beacon Concierge, helping verified law enforcement agencies freeze and seize illicit cryptocurrency.
- The service has supported 15 cases across 14 agencies in 10 countries, freezing more than $35 million.
- Its Beacon Network has over 200 members covering 80% of crypto trading volume.
TRM Labs has launched Beacon Concierge, a managed service helping law enforcement agencies seize illicit cryptocurrency across blockchains and assets.
The service connects verified agencies with exchanges and stablecoin issuers, without requiring a TRM software licence.
TRM investigators trace funds, prepare evidence packages, flag suspicious addresses and coordinate requests with participating platforms.
Beacon Concierge has already supported 15 cases involving 14 agencies across 10 countries, resulting in over $35 million frozen.
The wider Beacon Network has more than 200 members, covering approximately 80% of cryptocurrency trading volume.
More than $200 million has been intercepted through Beacon members, with flagged funds reaching participating members triggering action within minutes on average.
The service also addresses cross-chain investigations, where stolen funds can move through thousands of transactions across multiple blockchains.
Beacon Concierge is now available to verified law enforcement agencies worldwide, extending access to coordinated cryptocurrency investigations and asset recovery.
