According to the annual report of Binance’s Anti-Fraud Initiative, the digital currency exchange has prevented over $129 million theft in 2024 using advanced artificial intelligence and machine learning technologies. The company processes around 80 successful fund recovery cases monthly, returning approximately $9 million of stolen funds to victims. Binance has made over 30,000 phone calls to warn about potential fraud targets and issues at least 15,000 alerts daily to platform users. This initiative has led to blacklisting at least 47,000 malicious addresses. Binance’s approach combines technological monitoring with human-centered support, including machine learning algorithms to analyze complex transaction patterns in real-time and identify potential criminal activities.
