TRM Labs formed Beacon Network to disrupt illicit crypto flows by coordinating top exchanges, payment firms, and security teams.
The network works in real-time with global law enforcement to detect and block criminal blockchain transactions.
Over $2.3 billion was stolen from the crypto sector in 2025, including a record $1.5 billion Bybit hack, highlighting the initiative’s urgency.
TRM Labs has officially launched the Beacon Network, a new initiative developed to respond swiftly to crypto-related crimes. The blockchain intelligence company confirmed that Ripple and Binance have joined the network as founding members. This effort aims to detect and prevent illicit crypto activities in real time.
The Beacon Network brings together several major players in the financial and cryptocurrency sectors. Alongside Ripple and Binance, other founding members include Coinbase, Crypto.com, OKX, Kraken, Robinhood, PayPal, Stripe, and Anchorage Digital. Their collaboration forms a unified front against the off-ramping of illicit funds through traditional and crypto financial systems.
Support From Law Enforcement Agencies
Global law enforcement agencies are integrated into the Beacon Network’s framework. They will actively help identify high-risk wallet addresses and issue alerts to participating firms. This system allows for faster action against attempts to move stolen or fraud-related cryptocurrency off blockchain platforms.
Security researchers and monitoring organizations such as ZachXBT, Security Alliance (SEAL), and zeroShadow are also contributing to the Beacon Network. Their role includes tracking threats across multiple chains and monitoring transaction patterns to detect unusual activity.
Regulatory Backdrop Intensifies Focus on Crypto Crime
The launch of the Beacon Network comes as U.S. federal agencies increase efforts to regulate the crypto space. The Treasury Department recently invited public feedback on combating illicit finance involving stablecoins. Meanwhile, the Senate is drafting legislation to shape a clearer structure for crypto market regulation.
TRM Labs noted that the scale of criminal activity has escalated. At least $47 billion in cryptocurrency has been linked to fraud-related addresses since 2023. Furthermore, over $2.3 billion has been stolen through hacks in 2025 alone. One of the largest incidents this year was the $1.5 billion Bybit breach, with funds moved through over 10,000 transactions in a single month.
As key infrastructure providers, exchanges like Ripple and Binance are expected to flag and block suspicious transactions within their ecosystems. Binance notably assisted Bybit during its recovery efforts. These firms are seen as critical checkpoints in the movement of criminal funds through the blockchain.
The post Ripple and Binance Join TRM Labs’ Beacon Network to Counter Crypto Crime appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
