Binance Prevents Over $129M From Being Lost to Scams in 2024 through AI and ML
Crypto exchange giant Binance supposedly stopped more than $129 million from being lost to lawbreakers in 2024.
In its Anti-Scam Refund Initiative end-of-year report, the business laid out how it released advanced expert system (AI) and artificial intelligence (ML) innovations to change digital property security from reactive steps to proactive defense methods.
Anti-Scam Initiative
According to the report, usually, the business processed about 80 effective fund healings monthly, totaling to about $9 countless taken funds went back to victims in 2024. In addition, it exposed that it made over 30,000 call to caution possible targets of most likely rip-offs, with a minimum of 15,000 notifies provided daily to platform users.
The effort's efforts led to no less than 47,000 harmful addresses be...