TRM Labs Doubles Valuation to $2 Billion as Crypto Investigation Demand Grows

According to the company, more than 600 government agencies and private-sector institutions across 75 countries now use its platform. Customers rely on the technology to look into digital fraud, scams, cybercrime, child exploitation, money laundering and sanctions evasion.

TRM's platform is used by government agencies, financial institutions and crypto businesses to examine transactions, map criminal networks, and trace illicit funds across blockchain networks. Its tools cover blockchain forensics, transaction monitoring, wallet and entity screening, and due diligence. The platform is built to merge blockchain data with other intelligence, helping investigators find links between wallets, entities and criminal activity.

Binance says it is probing a possible security breach after on-chain data showed large asset flows to new wallets, with reports citing figures between $5.8 billion and over $6 billion.