Binance Says AI Blocked $10.5 Billion in Crypto Fraud as Scams Go Industrial
Binance says its AI-driven security tools stopped $10.53 billion in attempted crypto fraud over the past 15 months, underscoring how both exchanges and fraudsters are ramping up their tech. According to the company, it caught 22.9 million scam and phishing incidents just in the first quarter. Phishing—meaning bogus messages or sites aimed at stealing passwords or money—remains a major tactic. It’s not just about how big the number is. Crypto fraud has evolved—moving beyond giveaway scams and spammy links, now leveraging deepfake videos, synthetic voices, bogus help desks, and bots capable of generating malware or baiting targets via chat.
