Binance, the world’s largest cryptocurrency exchange by trading volume, said Monday that its AI-driven security systems prevented more than $10.5 billion in user losses between the start of 2025 through the first quarter of 2026, as fraudsters increasingly weaponize the same technology to launch attacks at unprecedented scale and speed.

The exchange said its systems intercepted 22.9 million scam and phishing attempts in the first quarter of 2026 alone, safeguarding approximately $1.98 billion in user funds.

The disclosures come as AI is dramatically lowering the cost and complexity of crypto fraud. According to Binance’s own research, smart contract exploits now cost bad actors as little as $1.22 per contract—down 22%…