Binance AI Security, Did It Really Prevent $10 Billion in Fraud?

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Binance announced that its artificial intelligence (AI)-based security system blocked over $10 billion in fraud losses over the past year. Amid a surge in phishing and account takeover attempts across the cryptocurrency market, AI is being recognized as a core defense mechanism for exchange security.

According to cryptocurrency specialized media Watcher.guru on May 20 (local time), Binance recently announced through its official blog that it protected over 5.4 million users by utilizing more than 100 AI models from Q1 2025 to Q1 2026. During this period, approximately 22.9 million fraud and phishing attempts were blocked, and user assets worth approximately $1.98 billion were protected in Q1 2026 alone, the company explained.

Binance also stated that it blacklisted over 36,000 malicious addresses and sent an average of over 9,600 real-time alert notifications per day. The exchange emphasized, “We are responding to the era of intelligent threats by combining large-scale AI deployment, real-time monitoring, user education, and security-focused design.”

Binance is also expanding its investment in user education. Through its Account Takeover (ATO) prevention education program, Binance provided security training to over 179,000 users in Q1 2026 alone. The media reported that Binance is focusing not only on strengthening its security system but also on improving user awareness.

This year, Binance exchange fund inflows and the price of its native token, Binance Coin (BNB), have also shown a strong upward trend. Notably, the exchange recently expanded its product lineup by launching new crude oil and natural gas futures trading products. Currently, Binance offers a total of 20 major asset futures contracts, including West Texas Intermediate (WTI) crude oil, Brent crude oil, natural gas, as well as gold, silver, platinum, and palladium.

The media evaluated that Binance is expanding its reach beyond cryptocurrencies into the raw materials market, having launched perpetual futures products for gold (XAUUSDT) and silver (XAGUSDT) with USDT settlement methods in January this year.

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