HTX joins the Beacon Network to strengthen encryption financial crime prevention and control.

The encryption trading platform Huobi HTX announced today that it has officially joined the world's first real-time encryption crime response network Beacon Network as a founding member, initiated by TRM Labs. Through close cooperation with leading exchanges and law enforcement agencies worldwide, Huobi HTX once again demonstrates its firm actions in combating illegal financial activities, protecting user asset security, and building a trustworthy encryption ecosystem.

The Beacon Network aims to unite exchanges, stablecoin issuers, and regulators to monitor, label, and block illegal fund flows in real-time, preventing them from being cashed out through encryption channels. Relying on instant alerts and a collaborative response mechanism, this network shifts the cryptocurrency industry's response to crime from "reactive" to "proactive," addressing long-standing vulnerabilities exploited by criminals.

The Chief Security Officer of Huobi HTX stated: "With the rapid development of the encryption industry, criminal activities such as hacking and money laundering have become increasingly professionalized, intelligent, complex, and fast. A single team can no longer effectively respond independently; we must work together with the entire industry to build a joint defense and control. Huobi HTX thanks TRM Labs for initiating this cooperation and looks forward to working alongside global partners to build an 'iron Great Wall' for the encryption industry, jointly safeguarding the security and bright future of the industry."

By joining the Beacon Network, Huobi HTX further demonstrates its steadfast and ongoing commitment to compliance and security, while also helping to expand the network's global coverage and real-time response capabilities, assisting exchanges and law enforcement agencies in taking swift action. The industry is thus establishing new cooperation standards to prevent the flow of illegal funds before risks occur, protecting user and market security.

About Huobi HTX

HTX was established in 2013, and after 12 years of development, it has evolved from a cryptocurrency exchange into a comprehensive blockchain business ecosystem that encompasses digital asset trading, financial derivatives, research, investment, incubation, and other services.

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

About TRM Labs

TRM Labs is a leading provider of blockchain intelligence solutions, serving clients across financial institutions, crypto companies, and law enforcement agencies. Through advanced analytics tools and expert support, TRM Labs is dedicated to helping build a more secure financial system globally.