Binance Says AI Security Stopped $10B in Fraud in 15 Months
Binance's AI security prevented over $10 billion in fraud and protected millions of users in 15 months.Summary
Cryptocurrency exchange Binance announced that its AI-powered security systems have successfully thwarted over $10 billion in fraud and scams, protecting more than 5.4 million users between the first quarter of 2025 and the first quarter of 2026. The exchange implemented over 24 AI-driven initiatives and more than 100 models to combat increasingly sophisticated AI-powered attacks, which are lowering the barrier to entry for malicious actors. Binance highlighted that AI amplifies social engineering through deepfakes, phishing bots, and voice cloning. In the 15 months leading up to March 2026, Binance prevented $10.53 billion in user funds from being lost and blacklisted 36,000 malicious addresses. In the first quarter of 2026 alone, 22.9 million scam and phishing attempts were intercepted, saving $1.98 billion. The exchange utilizes AI for computer vision to detect fake payment proofs, real-time language analysis for scam patterns, and identity verification to counter deepfakes and synthetic identities, with AI-driven decisioning powering 57% of its fraud controls.
(Source：Cointelegraph)