Binance, the world's largest cryptocurrency exchange, announced Monday that its AI-driven security systems prevented more than $10.5 billion in user losses from the start of 2025 through the first quarter of 2026. The exchange said its systems intercepted 22.9 million scam and phishing attempts in the first quarter of 2026 alone, safeguarding approximately $1.98 billion in user funds.
AI is lowering the cost and complexity of crypto fraud. According to Binance, smart contract exploits now cost bad actors as little as $1.22 per contract, down 22% month-over-month, while advanced AI models achieve a 72.2% success rate in attack scenarios. Crypto-related fraud reached $17 billion in 2025, a 30% increase from the prior year.
To counter these threats, Binance deployed over 24 AI initiatives and more than 100 models by late 2025. AI-driven systems now power 57% of its fraud controls, contributing to a 60-70% reduction in card fraud rates compared to industry benchmarks. A new product, Binance AI Pro, segregates funds managed by AI agents from main user accounts, limiting permissions to trading only with no withdrawal access.
Binance also reported recovering $12.8 million across 48,000 cases in 2025, a 41% year-over-year increase, and assisted authorities in confiscating $131 million in illicit funds while processing more than 71,000 law enforcement requests.