Binance: AI blocked $10.5B in crypto fraud, stopped 22.9M scams

Binance reported that its artificial intelligence systems prevented $10.5 billion in potential user losses between the start of 2025 and the end of the first quarter of 2026. The exchange reported the figures on Monday and described a rise in AI-powered attacks during that period.

The company said crypto-related fraud reached $17 billion in 2025, a 30% increase from the prior year. In the first quarter of 2026 alone, its systems intercepted 22.9 million scam and phishing attempts and protected about $1.98 billion in user funds.

By late 2025, the exchange had deployed more than 24 AI initiatives and over 100 models to detect and block fraud. Those systems now power 57% of its fraud controls and have contributed to a 60% to 70% reduction in card fraud rates compared with industry benchmarks, the report noted.

Binance described a new product called Binance AI Pro that restricts how automated trading tools access user funds. Under that framework, funds managed by AI agents are segregated from main accounts, permissions are limited to trading, and withdrawal access is disabled. The exchange reported that roughly 12% of third-party tools submitted to its marketplace have been flagged as potentially risky.

The company’s analysis found that AI has lowered the cost and complexity of many attacks. Smart contract exploits can be launched for as little as $1.22 per contract, a 22% month-over-month decline, and advanced AI models achieved a 72.2% success rate in simulated attack scenarios. The report placed 76% of AI-driven scams in the highest tier for scale and severity, citing use of deepfakes, voice cloning, phishing bots and impersonation across messaging platforms.

Binance reported growth in recovery and law enforcement cooperation in 2025. It helped recover $12.8 million across 48,000 cases, a 41% year-over-year increase, assisted in confiscating $131 million in illicit funds, and processed more than 71,000 law enforcement requests.

The company wrote, “AI is reshaping both sides of the security equation. It’s making attacks more scalable, more convincing, and harder to detect, while also enabling a new generation of defenses that are faster, smarter, and more adaptive.”

Federal law enforcement agencies are expanding their use of AI tools to speed investigations and locate missing persons, the report noted. Binance said it plans to embed detection at the architectural level and increase collaboration with regulators and law enforcement to trace and recover illicit funds.