Binance says its AI systems prevented $10.5 billion in losses across 15 months, even as crypto fraud reached $17 billion in 2025.
Posted May 12, 2026 at 5:27 am EST.
Binance said Monday that its AI-powered security systems prevented approximately $10.53 billion in potential user losses from scams and phishing attempts between the first quarter of 2025 and the first quarter of 2026, protecting more than 5.4 million users.
The world’s largest crypto exchange by volume said it has deployed more than 24 AI-driven initiatives and over 100 models across its security stack to detect account takeovers, phishing links, deepfake abuse, synthetic identities, card fraud, and AI-powered social engineering. AI now powers roughly 57% of Binance’s fraud controls and has contributed to a 60% to 70% reduction in card fraud rates compared with industry benchmarks.
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In a single quarter, Binance said its systems intercepted 22.9 million scam and phishing attempts, safeguarded roughly $1.98 billion in user funds, blacklisted more than 36,000 malicious onchain addresses, and issued upwards of 9,600 real-time risk warnings per day. The company also said it helped recover $12.8 million across 48,000 cases in 2025 and assisted authorities in confiscating $131 million in illicit funds.
The defense buildout responds to an escalating threat, according to Binance Research. Their research noted crypto-related fraud reached an estimated $17 billion in 2025, a 30% year-over-year increase, with 76% of AI-driven scams falling in the highest severity tier. Smart contract exploits now cost as little as $1.22 per contract, and advanced AI models reportedly achieve a 72.2% success rate in simulated attack scenarios.
Worth noting: these are Binance’s own figures, and “potential losses” describes flagged and blocked transactions rather than recovered funds. The exchange’s compliance record has also drawn scrutiny. Binance and founder Changpeng Zhao pleaded guilty to U.S. criminal charges in 2023, and more recent reports have alleged the exchange fired employees for flagging transfers to sanctioned Iran-linked entities, claims Binance denies. The headline figure underscores a real industry-wide problem, even if the audit trail behind it remains internal.
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