Ripple, Binance Behind TRM Labs’ Real-Time Crypto Crime Response Network
In a pioneering press release announcement, TRM Labs, the blockchain intelligence firm that assists businesses and law enforcement in combating crimes involving cryptocurrency, has unveiled Beacon Network, the first dedicated response network to real-time crypto fraud.
Live Crypto Crime Detection
It’s designed to prevent illicit assets from leaving the blockchain and was developed in collaboration with law enforcement, stablecoin issuers, exchanges, and various other firms. Some of the founding members include Ripple, Binance, Stripe, Anchorage Digital, Zodia Custody, PayPal, Robinhood, and many others, forming a groundbreaking alliance between traditional institutions and cryptocurrency companies.
Leading federal…
