Tech · Decrypt
Binance Confirms AI Defenses Blocked $10.5 Billion in Crypto Fraud Over 15 Months
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Binance, the world's largest cryptocurrency exchange by trading volume, said Monday that its AI-driven security systems prevented more than $10.5 billion in user losses between the start of 2025 through the first quarter of 2026, as fraudsters increasingly weaponize the same technology to launch attacks at unprecedented scale and speed.
Key facts
- The company said crypto-related fraud reached $17 billion in 2025, a 30% increase from the prior year
- To counter those threats, Binance said it had deployed more than 24 AI initiatives and over 100 models by late 2025
- The exchange said its systems intercepted 22.9 million scam and phishing attempts in the first quarter of 2026 alone, safeguarding approximately $1.98 billion in user funds
- The company said roughly 12% of third-party tools submitted to its marketplace have been flagged as potentially risky
Summary
Crypto scams hit $17 billion in 2025, as AI makes attacks cheaper and more convincing than ever. Binance says 100+ AI models helped block $10.5 billion in fraud and intercepted 22.9 million scam attempts over 15 months. Beyond prevention, Binance said it recovered $12.8 million and helped authorities confiscate $131 million in illicit funds in 2025. The exchange said its systems intercepted 22.9 million scam and phishing attempts in the first quarter of 2026 alone, safeguarding approximately $1.98 billion in user funds.