Milestone Prevents $2.4B Crypto Scams
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•Binance CEO Richard Teng Spotlights Milestone Amid Crypto Scam Woes
66% Informative
Binance prevented over $2.4 billion in losses from scams and frauds affecting 1.2 million users in 2024 .
Most of the averted losses originated from monitoring at the crypto withdrawal level.
The platform employs a sophisticated risk engine that combines artificial intelligence ( AI ) and manual reviews to scrutinize transactions around the clock.
Binance CEO Richard Teng highlighted the combination of automated AI systems with manual intervention.
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