Tech · The Block
Binance says AI security systems prevented $10.5 billion in user losses from crypto scams, phishing
Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.
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Binance claims its AI security system has collectively helped save millions of users $10.53 billion in potential losses from scams between Q1 2025 and Q2 2025.
Key facts
- In Q1 2026 alone, Binance claims to have safeguarded $1.98 billion in funds protected from 22.9 million scam and phishing attempts
- Binance claims its AI security system has collectively helped save millions of users $10.53 billion in potential losses from scams between Q1 2025 and Q2 2025
- Binance Research previously estimated that AI "is currently 2x better at exploitation than detection," and that "AI-enabled scams are 4.5x more profitable than traditional ones
- In Monday’s blog, Binance said it had confiscated $131 million in illicit funds and has processed more than 71,000 formal law enforcement requests
Summary
According to a blog on Monday, the world’s largest crypto exchange has rolled out about two dozen AI-powered security features to help protect users from crypto scams. "Computer vision is used to detect fake payment proofs, while real-time language analysis helps surface scam patterns in P2P transactions. "On the identity verification front, Binance’s KYC systems continue to evolve to counter increasingly sophisticated deepfakes and synthetic identities, delivering up to 100x gains in operational efficiency compared to traditional manual processes without AI," the exchange continued. In Q1 2026 alone, Binance claims to have safeguarded $1.98 billion in funds protected from 22.9 million scam and phishing attempts.