PANews reported on August 20th that Huobi HTX, a cryptocurrency trading platform, has joined the Beacon Network, the world's first real-time cryptocurrency crime response network, initiated by TRM Labs, as a founding member. Huobi HTX will collaborate with leading global exchanges and law enforcement agencies to monitor and disrupt illicit capital flows in real time, moving the industry from a "post-reaction" approach to financial crime to "real-time prevention." This partnership demonstrates Huobi HTX's long-term commitment to compliance and security and sets a new standard for collaboration in the industry.

Huobi HTX Chief Security Officer stated: "With the rapid development of the crypto industry, criminal activities such as hacker attacks and money laundering are becoming increasingly professional, intelligent, complex, and rapid. We must work together with the industry to build a joint defense and control system to create a 'Great Wall of Steel' for the crypto industry."