- Binance reports its AI security tools prevented over $10.5 billion in user losses from scams between Q1 2025 and Q1 2026.
- The exchange thwarted 22.9 million scam attempts in Q1 2026 alone, saving $1.98 billion in funds and blacklisting 36,000 malicious addresses.
- AI now powers 57% of the platform’s fraud controls, reducing card fraud rates by 60-70% compared to industry benchmarks.
- Scammers are increasingly using AI for sophisticated attacks, including deepfakes and phishing, as noted by the FBI in a recent report on crypto losses.
In a significant security update, cryptocurrency exchange Binance announced on Monday that its Artificial Intelligence systems prevented the loss of more than $10.5 billion in user funds between the first quarter of 2025 and March 2026. According to its blog post, these AI-driven initiatives protected over 5.4 million users from various fraud schemes.
Binance stated that “AI-powered scams and exploits are accelerating,” lowering the barrier for criminals to launch sophisticated attacks. Consequently, the FBI reported in April that U.S. citizens lost $11 billion in crypto to scams, often involving impersonation tactics.
The exchange detailed that AI amplifies social engineering through deepfakes, phishing bots, and voice cloning. Meanwhile, Binance integrated computer vision and language analysis to detect fake payment proofs and scam patterns in real-time.
Over the 15-month period, the company blacklisted 36,000 malicious addresses via AI-enhanced protocols. Specifically in Q1 2026, it intercepted 22.9 million scam attempts, saving $1.98 billion.
Binance also uses AI for identity verification to counter sophisticated deepfakes. This technology now drives 57% of its fraud controls, leading to a major reduction in fraud rates.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
