Crypto trading platform Huobi HTX today announced that it has officially joined the Beacon Network, the world’s first real-time crypto crime response network initiated by TRM Labs, as a founding member. Through close collaboration with leading global exchanges and law enforcement agencies, Huobi HTX has once again demonstrated its firm commitment to combating illegal financial activities, safeguarding user assets, and building a trustworthy crypto ecosystem.

The Beacon Network aims to unite exchanges, stablecoin issuers, and regulators to monitor, flag, and block illicit fund flows in real time, preventing them from being cashed out through crypto channels. Relying on instant alerts and a coordinated response mechanism, the network shifts the crypto industry’s approach to crime from “reactive” to “real-time preventive,” addressing long-exploited vulnerabilities.

Huobi HTX’s Chief Security Officer stated: “With the rapid development of the crypto industry, crimes such as hacking and money laundering have become more professional, intelligent, complex, and rapid. A single team can no longer effectively respond alone; we must join hands with the entire industry to build a collaborative prevention and control system. Huobi HTX appreciates TRM Labs for initiating this cooperation and looks forward to working with global partners to build a ‘Great Wall’ for the crypto industry, safeguarding its security and bright future together.”

By joining the Beacon Network, Huobi HTX further underscores its steadfast and ongoing investment in compliance and security, while also helping to expand the network’s global coverage and real-time response capabilities, enabling exchanges and law enforcement agencies to take swift action. The industry is thus establishing a new standard of cooperation to prevent illicit fund flows before risks materialize, protecting users and market security.

About Huobi HTX

Established in 2013, Huobi HTX has evolved from a cryptocurrency exchange into a comprehensive blockchain business ecosystem over its 12-year development, encompassing digital asset trading, financial derivatives, research, investment, incubation, and other services.

As a leading global Web3 gateway, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security and compliance, providing comprehensive, secure, and reliable value and services to virtual currency enthusiasts worldwide.

About TRM Labs

TRM Labs is a leading provider of blockchain intelligence solutions, serving clients including financial institutions, crypto businesses, and law enforcement agencies. Through advanced analytical tools and expert support, TRM Labs is dedicated to helping build a safer financial system worldwide.