Ripple vs. crypto criminals: How the XRP company strikes back

INFBusiness
22.08.2025
News

The fact that the crypto market is booming in 2025 and Bitcoin, Ethereum, XRP, and others are breaking new records also attracts questionable elements. Just a few weeks ago, Ripple CEO Brad Garlinghouse warned XRP investors about crypto scams on social media.
“As reliable as clockwork, scammers are intensifying their attacks on the crypto community with the current success and market recovery,” the Ripple CEO wrote on X. Now his company is taking concrete measures to combat crypto crime.
Today, Wednesday, Ripple Labs announced that it has become a founding member of the newly launched Beacon Network, a unique real-time crypto crime prevention network led by TRM Labs.
The Beacon Network's primary goal is to prevent illicit funds from leaving the blockchain. It was developed in collaboration with law enforcement agencies, crypto exchanges, and stablecoin issuers.
Scammers regularly lure their victims with crypto gifts in exchange for an “initial deposit” from investors. In order to steal XRP, Ripple Labs executives, among others, were recently impersonated on YouTube and other platforms.
In addition to Ripple, the founding members include well-known crypto industry giants such as Coinbase, Binance, Stripe, Kraken, Crypto.com, OKX, and PayPal, the latter of which recently opened up to crypto payments.
However, against the backdrop of the general crypto correction, XRP suffered a significant price decline. At the time of writing, the Ripple coin is trading at $2.92, representing a loss of 11 percent compared to the previous week.
If the euphoria returns to the market, Ripple could benefit even more. At least, that's what OpenAI's brand-new chatbot predicts: “XRP price until the end of 2025: ChatGPT-5 predicts.”

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