Binance Claims AI Systems Blocked Over $10 Billion in Crypto Fraud Since Early 2025

Binance says its artificial intelligence-powered security infrastructure prevented approximately $10.53 billion in user losses to fraud and scams between the start of 2025 and March 2026, according to a company blog post ^[1].

The exchange deployed more than 24 AI-driven security initiatives and over 100 individual models during the period. In total, Binance reports protecting more than 5.4 million users and blocking around 36,000 suspicious wallet addresses. During the first quarter of 2026 alone, the platform detected nearly 22.9 million phishing and fraud attempts ^[1].

The company noted that AI-based threats are becoming increasingly sophisticated, with deepfakes, fake platforms, and phishing campaigns growing more professional. Binance states that 57 percent of its fraud detection now runs through AI systems ^[1].

To counter AI-generated fake identities, the exchange has expanded its identity verification capabilities, incorporating image recognition tools to flag fraudulent payment confirmations and real-time language analysis to identify common fraud patterns in chat communications ^[1].

The figures come as the broader crypto industry grapples with a sharp rise in technologically advanced scams tied to the growing accessibility of generative AI tools.