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CoinGape

Binance CEO Richard Teng Spotlights Milestone Amid Crypto Scam Woes

CoinGape
Summary
Nutrition label

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.

VR Score

45

Informative language

32

Neutral language

46

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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