Binance says AI security system prevented $10.5B in user losses

Binance claims that its AI-based risk management system, introduced in 2025, has prevented approximately $10.53 billion in potential user losses and protected over 5.4 million users through the first quarter of 2026. According to a new AI security report from the exchange, the system blocked around 22.9 million fraud and phishing attempts in the first quarter of 2026 alone, safeguarding an estimated $1.98 billion in funds. Binance added that it is deploying more than 100 AI models to detect a range of risks, including deepfakes, phishing, and social engineering attacks.