The exchange blocked 22.9 million scam attempts in Q1 2026, recovering $12.8 million as AI-driven fraud surges.
Binance’s AI-powered security systems prevented $10.5 billion in potential user losses from fraud between January 2025 and March 2026. The exchange intercepted 22.9 million scam and phishing attempts in Q1 2026 alone, safeguarding $1.98 billion in funds.
Crypto fraud reached $17 billion in 2025, a 30% increase from the previous year, driven by AI tools lowering attack costs. Smart contract exploits now cost as little as $1.22 per attempt, with AI models achieving a 72.2% success rate in simulated attacks.
Binance also recovered $12.8 million and assisted in confiscating $131 million in illicit funds last year, as 76% of AI-driven scams ranked in the highest severity tier.