#USA #Panama City #HTX #TRM Labs #Beacon Network

HTX Becomes Founding Member of TRM Labs' Beacon Network

In a significant move to bolster global efforts against cryptocurrency crimes, HTX, a leading cryptocurrency exchange, has joined the Beacon Network created by TRM Labs. As a founding member, HTX is aligning itself with other elite exchanges and law enforcement agencies to help combat illicit financial activities in the crypto world. This initiative marks a crucial step towards creating a safer environment for digital asset transactions.

Launched by TRM Labs, the Beacon Network focuses on real-time responses to crypto crime. This innovative network connects vetted investigators with exchanges, stablecoin issuers, and regulatory bodies, establishing a robust framework to detect, flag, and disrupt illicit activities before funds can be liquidated. The proactive approach the network brings is essential in shifting the narrative around crypto crime; instead of merely reacting to incidents, it aims to prevent them outright, tackling vulnerabilities that criminals have exploited for far too long.

Heisen Guo, Chief Security Officer at HTX, emphasized the necessity of collaborative efforts in fighting cryptocurrency-related crimes. "As the crypto industry continues to evolve rapidly, we face increasingly sophisticated threats, including hacking and money laundering. It is no longer feasible for a single entity to combat these crimes effectively. We must unite our capabilities as an industry to build coordinated defenses and responses; the Beacon Network facilitates such collaboration," he stated. Guo also expressed gratitude to TRM Labs for initiating this vital project and articulated HTX's commitment to working alongside global partners to establish a fortress against crypto crime.

HTX's involvement in the Beacon Network highlights its dedication to improving compliance and strengthening security measures within the cryptocurrency sphere. By joining this network, HTX is not only expanding the global reach of the initiative but also enhancing real-time investigative capabilities. This strategic involvement means that exchanges and law enforcement can act promptly, almost instantaneously, rather than waiting days to respond to criminal activities. The cryptocurrency industry is setting a new standard for cooperation in the battle against illicit financial activities, with the goal of preventing potential threats from affecting users.

Background on HTX

Founded in 2013, HTX originally operated as Huobi, transforming from a virtual asset exchange into a comprehensive ecosystem of blockchain-related businesses. Its activities encompass various areas of digital asset trading, financial derivatives, research, investments, incubation, and more. As a prominent gateway to Web3, HTX possesses global capabilities that allow it to deliver safe and reliable services to users. Continuing with its strategic growth motto – "Global Expansion, Thriving Ecosystem, Wealth Effect, Security and Compliance" – HTX is committed to offering valuable services to virtual asset enthusiasts worldwide.

For more details about HTX's initiatives or to learn more about their offerings, visit HTX's official website or follow them on various social media platforms, including X, Telegram, and Discord.

About TRM Labs

TRM Labs specializes in providing comprehensive blockchain intelligence solutions that are trusted by financial institutions, cryptocurrency enterprises, and law enforcement agencies alike to detect, investigate, and prevent digital currency-related financial crimes. By blending advanced analytics with the expertise of human analysts, TRM Labs strives to create a safer financial ecosystem for all participants.

To discover more about TRM Labs and their innovative services, you can visit www.trmlabs.com.