Crypto crime-fighting startup TRM Labs notches $1 billion valuation with new $70 million funding round

When TRM Labs cofounders Esteban Castaño and Rahul Raina moved to San Francisco in 2018 to create a startup, their mentors told them that great companies are built when you believe something about the world that others don’t. Along with a passion for technology and national security, the pair shared a conviction that billions of people would use digital assets to move money around the world. 

“Then we asked ourselves, ‘What’s the second order consequence?’” Castaño said. “The world would...