Cryptocurrency exchange Binance reports its artificial intelligence security systems prevented over $10 billion in user funds from being stolen by scams and fraud between early 2025 and March 2026. The exchange stated its AI tools protected more than 5.4 million users during this period, intercepting millions of scam attempts and blacklisting tens of thousands of malicious addresses as threat actors increasingly adopt AI for sophisticated attacks.
Cryptocurrency exchange Binance says its artificial intelligence-based security tools helped prevent the loss of more than $10 billion worth of user funds from scams and fraud between 2025 to March 2026. The exchange stated it protected more than 5.4 million users from fraud after rolling out over 24 AI-driven initiatives and more than 100 models.
“AI-powered scams and exploits are accelerating,” Binance said. “The barrier to entry for scam perpetrators is falling fast, with AI accelerating the drop.”
Scams and exploits have plagued crypto as highly organized threat actors have adopted AI to create more sophisticated attacks. The FBI reported in April that US citizens lost $11 billion worth of crypto to scams, with impersonation being a key avenue used to dupe victims.
“AI is amplifying social engineering at an unprecedented level, powering deepfakes, phishing bots, fake platforms, voice cloning and impersonation across chat applications, exploiting trust and urgency,” Binance said. Over the 15 months to March, it prevented $10.53 billion worth of user funds and blacklisted 36,000 malicious addresses.
In the first quarter of 2026 alone, the exchange said it intercepted 22.9 million scam and phishing attempts, saving $1.98 billion worth of user funds. Binance has implemented computer vision to detect fake payment proofs and real-time language analysis to detect scam patterns.
The technology also integrates on the identity verification side to counter increasingly sophisticated deepfakes and synthetic identities. “AI-driven decisioning now powers 57% of fraud controls, contributing to a 60-70% reduction in card fraud rates compared to industry benchmarks,” Binance said.
