Binance Says AI Defenses Blocked $10.5 Billion in Crypto Fraud Over 15 Months
Binance reported that its AI-driven security systems prevented over $10.5 billion in user losses from early 2025 through Q1 2026, blocking 22.9 million scam and phishing attempts and safeguarding $1.98 billion in user funds in Q1 2026 alone. AI has reduced the cost and complexity of crypto fraud, with smart contract attacks now costing as little as $1.22 per exploit and a 72.2% success rate in simulated attacks. Crypto-related fraud rose to $17 billion in 2025, a 30% increase from the previous year, with 76% of AI-powered scams rated as most severe and large-scale. Attackers are leveraging deepfakes, voice cloning, phishing bots, and impersonation schemes. Binance has implemented over 24 AI initiatives and 100 models, with AI now powering 57% of fraud controls and yielding a 60–70% card fraud reduction relative to industry standards. Binance AI Pro, a new product, segregates funds managed by AI agents and restricts their permissions to enhance safety. In 2025, Binance helped recover $12.8 million across 48,000 cases and assisted in the confiscation of $131 million in illicit funds, responding to over 71,000 law enforcement requests.
