In brief
- Crypto scams hit $17 billion in 2025, as AI makes attacks cheaper and more convincing than ever.
- Binance says 100+ AI models helped block $10.5 billion in fraud and intercepted 22.9 million scam attempts over 15 months.
- Beyond prevention, Binance said it recovered $12.8 million and helped authorities confiscate $131 million in illicit funds in 2025.
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…
