Crypto exchange Binance says it prevented more than $10 billion in potential user losses over a span of 15 months, as AI supercharges the scale, sophistication and severity of crypto fraud at a pace the industry has never seen before.
In a new report, Binance says AI is transforming the threat landscape in ways that make traditional security measures increasingly insufficient.
“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. Today, 76% of AI-driven scams fall within the highest quartile for both scale and severity, and in 2025 alone, crypto-related fraud reached $17 billion— a 30% year-on-year increase.”
The crypto exchange notes that it has responded to the evolving threat landscape by using AI as a shield.
“By late 2025, we had already rolled out 24+ AI-driven initiatives and 100+ models – and these numbers continue to grow as we strengthen our defenses against emerging threats.”
Amid its efforts, Binance says it successfully protected millions of users from scam and phishing attempts.
“In Q1 2026 alone, Binance intercepted 22.9 million scam and phishing attempts, helping to safeguard approximately $1.98 billion in user funds. Cumulatively, $10.53 billion in user losses were prevented from the beginning of 2025 through Q1 2026 for more than 5.4 million users. We also blacklisted over 36,000 malicious addresses and issued more than 9,600 real-time warnings daily to help users stay ahead of emerging threats.”
Beyond blocking active threats, Binance says that it also recovered millions of dollars in user funds despite the irreversible nature of the blockchain.
“In 2025, Binance helped recover $12.8 million across 48,000 cases, marking a 41% year-on-year increase in recovery outcomes. Beyond direct user support, Binance also worked closely with global authorities, assisting in the confiscation of $131 million in illicit funds and processing more than 71,000 formal law enforcement requests over the year.”
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