In the first three months of 2026, Binance’s security systems blocked nearly 23 million fraud and phishing attempts — stopping nearly $1.98 billion in potential losses in just one quarter.
Artificial Intelligence vs Artificial Intelligence
The figure is part of a broader campaign by the world’s largest cryptocurrency exchange to fight fraud using the same technology that criminals use to commit it.
According to Binance, it is Artificial Intelligence tools It prevented a total of $10.53 billion in user losses between early 2025 and March 2026. More than 5 million users were protected during that period, the company said in a blog post on Monday.
Binance has deployed over 24 AI security initiatives and over 100 models to achieve this. Thirty-six thousand malicious addresses were blacklisted as part of this effort.
AI now drives nearly 60% of exchange fraud controls, and the company says this has led to a 60% to 70% reduction in card fraud rates compared to industry averages.
The technology used to commit crimes has become more powerful and more accessible. Binance noted that what used to require real technical skill can now be done inexpensively and in large quantities.
Deepfakes, phishing bots, voice clones, and fake platforms are being used to trick people into giving up their money — and the cost of running these attacks has fallen sharply.
Wider threat
Data suggests that cryptocurrency fraud is a major problem outside the walls of Binance. FBI He said in April that Americans alone lost $11 billion in cryptocurrencies to scammers, impersonating government officials and… encryption Corporations are among the most common tactics used against victims.
BTCUSD trading at $80,627 on the 24-hour chart: TradingView
Binance said it has built computer vision tools to catch fake payment screenshots and added real-time language analysis to detect fraud patterns as they occur.
On the identity side, the exchange has integrated artificial intelligence into its verification process to address the increasing complexity Deep fakes and what it calls synthetic identities — fake personas designed to pass off as real users.
Raise the bar
Cryptocurrency fraud has always been a problem, but the tools behind it are becoming harder to detect and easier to deploy.
Highly organized groups are behind many of these attacks, and officials in the United States have moved to crack down on scams, including those originating from Southeast Asia.
Binance says the accelerating threat is why it has made AI central to how it protects users. The stock exchange did not release detailed details on the types of fraud that accounted for the bulk of the losses it says were prevented.
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