The world’s largest cryptocurrency exchange Binance announced that thanks to artificial intelligence-based systems, it prevented fraud and user fund losses exceeding $10 billion between the beginning of 2025 and March 2026. The company also claims that AI now powers more than half of its security mechanisms.
According to data published in Monday’s blog post, Binance protected more than 5.4 million users. During the monitored period, the exchange deployed over 24 artificial intelligence-based initiatives and more than 100 different models focused on detecting fraud, phishing, and suspicious activities.
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AI is changing crypto scams. And fighting them at the same time
Binance warns that artificial intelligence is dramatically increasing scammers’ capabilities. While sophisticated attacks used to be the domain of technically skilled hackers, today according to the exchange, minimal knowledge and cheaply available AI tools are sufficient.
“AI-powered scams and attacks are accelerating. The barrier to entry for scammers is rapidly falling,” the company stated.
Cryptocurrencies in particular have become a frequent target of organized groups in recent years, using deepfakes, voice cloning, phishing chatbots, or fake investment platforms. According to the US FBI, US citizens lost approximately $11 billion to cryptocurrency scams in 2025 alone. The most common tactics included impersonating government institutions or well-known crypto companies.
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Deepfakes, fake identities and fraudulent payments
Binance claims that AI is now used across most of its security infrastructure. It has deployed, for example, computer vision to recognize fake payment confirmations or systems analyzing language in real time designed to detect typical patterns of fraudulent communication.
Artificial intelligence also plays a significant role in user identity verification. The exchange is trying to respond to the growing number of deepfake videos and synthetic identities that attackers use in attempts to bypass security checks.
According to Binance, AI decision-making systems now power approximately 57% of all anti-fraud mechanisms. The company claims that thanks to this, it has managed to reduce the rate of card fraud by 60 to 70% compared to common industry standards.
This year alone it detected nearly 23 million fraud attempts
The first quarter of 2026 alone shows how rapidly the volume of fraud is growing. Binance stated that during the first three months of this year, it detected 22.9 million phishing or scam attack attempts. Thanks to security system interventions, approximately $1.98 billion in user funds was reportedly protected.
The exchange also announced that over the past 15 months, it has blacklisted more than 36,000 malicious cryptocurrency addresses.
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The cryptocurrency sector faces a new security era
The growing role of artificial intelligence shows that security is becoming one of the most important topics in the cryptocurrency market. While investors often focus mainly on the prices of bitcoin or altcoins, technology companies are increasingly battling how to protect users from increasingly sophisticated attacks.
The combination of AI and social engineering today represents one of the biggest threats to ordinary cryptocurrency users, according to experts. Deepfakes, fake phone calls, or perfectly imitated investment platforms can appear much more credible than classic internet scams from previous years
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