Ripple, Binance, and TRM Labs Launch Real-Time Crypto Crime Network

Collaboration for Enhanced Security: Ripple, Binance, and TRM Labs have launched the Beacon Network, a real-time crypto crime prevention system, to safeguard the industry from illicit activities. The network, which involves major exchanges and firms like Coinbase, PayPal, and Stripe, facilitates real-time sharing of data for proactive identification and interception of criminal activity. This initiative aims to bolster security measures across the crypto landscape by enabling swift coordination among industry leaders and law enforcement agencies.