TLDR

Ripple announced its role as a founding member of the Beacon network to strengthen crypto security.
TRM Labs developed the Beacon network to track illicit funds across multiple blockchains in real time.
Ripple stated the system will help freeze suspicious assets before they leave exchanges or financial institutions.
Major platforms such as OKX Crypto.com and Anchorage Digital also joined as inaugural members of the Beacon network.
Coinbase Binance and Kraken agreed to collaborate by sharing information on flagged wallet addresses.

San Francisco fintech firm Ripple announced its role as a founding member of the Beacon network, a money laundering response system. The platform, designed by TRM Labs, tracks illicit crypto activities in real time across multiple blockchains. Ripple stated the system will strengthen trust in the digital asset industry by intercepting criminals before funds leave exchanges.

Ripple is proud to be a founding member of @trmlabs’ Beacon Network — a first-of-its-kind real-time crypto crime response network.

Working with industry & law enforcement, Beacon helps stop illicit funds before they exit the blockchain.

Learn more: https://t.co/6Yp7IpY6Dd https://t.co/EQ0b9yFkks

— Ripple (@Ripple) August 20, 2025

Ripple Joins the Beacon Network

Ripple confirmed in a statement that it is an integral member of the Beacon network, launched to counter crypto-related crimes. The company emphasized that the collaboration aims to safeguard the industry’s reputation and stop bad actors proactively.

“The Beacon network provides real-time intelligence to freeze laundering efforts,” said Andrew Rosenberg, Ripple’s head of financial crime compliance.

Furthermore, Ripple underlined that its membership supports its broader compliance commitment across global financial systems. The firm noted that Beacon’s function helps detect fraudulent addresses before they transfer funds into exchanges. Consequently, the initiative provides law enforcement with critical early alerts to intervene swiftly.

Ripple expressed confidence that this new collaboration will enhance the security framework for exchanges and institutions. Rosenberg added, “We are proud to be part of this pioneering network.” The firm reiterated its dedication to transparency and accountability in crypto operations.

TRM Labs Introduces Real-Time Monitoring

TRM Labs developed the Beacon network to trace illicit wallets and transactions instantly across multiple blockchains. The system flags addresses linked to hackers and alerts exchanges once funds reach identifiable endpoints. Thus, institutions can freeze suspicious funds before withdrawal occurs.

TRM Labs confirmed that the system is operational and has already aided in solving financial crimes. It said leading exchanges and law enforcement agencies are currently adopting the platform. In addition, Coinbase, Binance, and Kraken agreed to collaborate by sharing flagged address data.

However, TRM Labs did not include stablecoin issuers Tether and Circle among the early partners. Despite this, it assured that more industry leaders will soon be integrated. Ripple remains central to these efforts, representing its compliance focus within the evolving crypto landscape.

Industry Leaders Endorse the Initiative

Ripple joined other founding members such as OKX, Crypto.com, and Anchorage Digital in supporting Beacon’s launch. Their participation demonstrates industry-wide acknowledgment of the need for coordinated anti-crime measures. The platform represents a significant shift from reliance on individual tracking services to automated, round-the-clock surveillance.

Coinbase’s global anti-money laundering head, Vaterie-Leila, described the system as “a true early warning mechanism.” She stressed its effectiveness in freezing assets before hackers complete laundering. Ripple similarly affirmed the platform’s value in safeguarding customer assets.

The necessity of the network became clear after February’s Bybit hack, attributed to North Korea’s Lazarus Group. Hackers drained $1.5 billion and laundered the proceeds efficiently. Ripple and its peers highlighted that Beacon aims to prevent such large-scale incidents in the future.

The post Ripple Joins TRM Labs’ Beacon System to Monitor and Halt Crypto Laundering appeared first on Blockonomi.

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Filed under: Bitcoin - @ August 20, 2025 5:23 pm