TRM Labs has rolled out the Beacon Network, a new real-time system built to tackle crypto crime, with Ripple and Binance among the founding members, joining exchanges, payment companies, and law enforcement agencies worldwide to help stop stolen funds before they slip off the blockchain.
Alongside Ripple and Binance, the group includes Coinbase, PayPal, Robinhood, Stripe, OKX, Kraken, Crypto.com, Blockchain.com, Anchorage Digital, Zodia Custody, and several others. TRM Labs said the goal is to create “an unprecedented level of industry collaboration to block off-ramps for criminal funds.”
The Beacon Network works by allowing verified investigators to flag addresses tied to scams or hacks. Once flagged, alerts are sent instantly to participating exchanges, giving them a chance to freeze or hold funds before criminals can cash out. Security researchers like ZachXBT, Security Alliance (SEAL), and zeroShadow will help monitor threats in real time.
Industry members see the effort as a major step toward making crypto safer. “Protecting consumers and safeguarding the integrity of the crypto ecosystem requires seamless collaboration across industry and law enforcement,” said CJ Rinaldi, Chief Compliance Officer at Kraken.
Ripple’s Andrew Rosenberg said the launch “represents a new chapter, defined by real-time intelligence, proactive risk management, and cross-sector collaboration.” Binance’s Noah Perlman added that it would “build more trust and security, which are the cornerstones of broader crypto adoption.”
The push comes at a time when the U.S. Treasury is seeking public input on ways to fight illicit finance under its new oversight of stablecoins. Lawmakers in the Senate have also been reviewing measures to include in the upcoming Crypto Market Structure bill.
According to TRM Labs, since 2023, more than $47 billion in cryptocurrency has gone to fraud-related addresses. In 2025 alone, hackers have stolen over $2.3 billion, including the $1.5 billion Bybit hack, the largest crypto exchange breach to date.
The Beacon Network is built to act quickly, giving exchanges the tools to stop such funds before they are withdrawn.
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