Binance AI Tools Prevent $10.53B in Scam Losses

Binance, the world's largest cryptocurrency exchange by trading volume, reported that its artificial intelligence-powered security tools prevented 10.53 billion dollars in potential user fund losses from scams and fraud over 15 months ending in the first quarter of 2026.

The exchange detailed the figures in a security blog post published on Monday, stating that the measures protected more than 5.4 million users between the first quarter of 2025 and the first quarter of 2026. Binance deployed over 24 AI-driven initiatives and more than 100 models, which blacklisted 36,000 malicious addresses and integrated into its risk controls to intercept threats in real time.

In the first quarter of 2026 alone, the systems blocked 22.9 million scam and phishing attempts, safeguarding 1.98 billion dollars in user funds, according to the post. AI now powers 57 of Binance's fraud controls, contributing to card fraud rates 60 to 70 percent lower than industry benchmarks. The tools include computer vision to detect fake payment proofs, real-time language analysis to identify scam patterns in peer-to-peer transactions, and enhanced identity verification to counter deepfakes and synthetic...