Ripple joins TRM Labs’ Beacon network, enhancing real-time crypto crime response coordination across blockchain industry platforms.
Beacon enables vetted investigators to alert exchanges of suspicious addresses, helping to stop illicit fund transfers promptly.
The project includes major firms like Coinbase, Binance, and PayPal, creating a collective defense against blockchain-based financial crime.
Ripple has officially joined the newly launched Beacon network as a founding member, as announced in a recent statement on the social media platform X. The network is spearheaded by blockchain intelligence firm TRM Labs and brings together major players in the crypto industry to combat illicit activity through real-time coordination.
The Beacon network has been developed in close collaboration with global law enforcement agencies, digital asset platforms, and stablecoin issuers. It enables verified investigators to flag blockchain addresses suspected of criminal involvement, prompting immediate risk-based responses by exchanges. This cooperative system aims to prevent illicit funds from moving off-chain or across exchanges without intervention.
List of Founding Members Includes Leading Crypto Entities
In addition to Ripple, the founding lineup includes Coinbase, Binance, Kraken, Crypto.com, PayPal, Robinhood, OKX, Blockchain.com, Zodia Custody, and Bitfinex. Other participants include Stripe, HTX, Poloniex, Anchorage Digital, Coinspot, ChangeNow, 1inch, Rhino.fi, and LFJ. The initiative represents a rare moment of unified action within the blockchain industry focused on mitigating the rapid flow of stolen assets.
Ripple’s involvement in Beacon aligns with its previous actions against crypto-related fraud. The company has previously hired a third-party digital threat intelligence firm to report and remove fake XRP giveaway promotions and impersonation schemes involving company executives. Ripple has also actively worked to educate users on identifying and avoiding scams tied to its digital assets.
Technology Designed for Rapid Response
Beacon is designed to support quick, real-time alerts that notify exchanges and service providers as soon as illicit transactions are identified. This helps reduce the window of time in which stolen funds can be moved, mixed, or laundered through decentralized finance applications. The model emphasizes transparency and speed as core components of collective blockchain security.
Through this initiative, Ripple deepens its role in building a secure blockchain ecosystem. The collaborative framework of Beacon suggests a growing recognition among crypto firms that coordination, not competition, is essential in countering financial crimes. The project underscores how exchanges and issuers are taking direct roles in security infrastructure.
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