With the acceptance of cryptocurrency, the extent and complexity of financial fraud will also increase. In 2024, the fabulous number of users targeted data fishing schemes, social engineering attacks and fake investment platforms. In the middle of this rise in fraud, one exchange rejects with unprecedented intensity.
Binance, the world's largest crypto exchange according to trading volume, has triggered a full -size initiative to combat digital fraud. The entire 2024 anti-scope refund initiative is more than just a refund program-this is a thorough AI-supporting system designed to prevent, identify and recover around the world.
Cheaters pose a cryptos growing threat
In accordance
Binance CMO Rachel Conlan commented on the situation of crypto cyber threats: “The evolving nature of cyber threats in the crypto industry strengthens the need for shifts and caregivers to constantly strengthen their security framework. As threats continue to grow in complexity.
Conlan continued to discuss the company's security obligation: “In Binance, responsible growth has always meant to be the first place in the security of users. In 2024, this dedication meant to hundreds of millions of dollars invested in conformity program which ensures the 2025 -year -old rupture.
ChainlySis estimated crypto fraud
The biggest culprits are the butchers of the pigs and the high -return investment schemes. In the fraud of pigs alone, the revenue jumped almost 40% a year ago, the number of such fraud contributions increased by more than 200%. The ecosystem of fraud has expanded not only in size but also within reach and tactics, directing the victims in the continents adapted messages and emotional manipulation.
Technical innovations have also made it easier to increase the activities of fraudsters. Platforms such as Huione warranty provide services from the creation of fake persons using generative AI to money laundering infrastructure, incitement to global scam economy. These developments make individuals more and more difficult to protect themselves and emphasize the need for platforms to control fraud.
As Binance notes, “you can deceive everyone; it's just finding the right method.” From pensioners to specialists, no demographic web fraud is safe for the evolving tactics. As a result, digital assets exchange has increased its game to protect the multi -layered and always users.
Preventing a loss of $ 9.1 million and $ 129 million
The Binance Anticam Refund Initiative represents the coordinated efforts of several departments to protect users from fraud. The initiative is built on four main pillars: preventive protection, 24-hour safety net, rapid response restoration and quiet sufferer support.
According to his preventive defense strategy, Binance made a blacklist in 2024. In 2024, more than 47,000 malicious addresses and gave users over 15,000 directed messages every day. High-risk persons, including the elderly and previous victims of scam-were accepted by personalized warnings and interventions. Over 2,000 risk assessment forms were processed daily to assess possible vulnerability.
The 24-hour safety net gives users a critical buffer during suspicious activity. The money transferred to the flagged binants accounts is automatically frozen for 24 hours, giving users time to report potential fraud. During this period, the track monitoring team will examine the activity of the recipient, assess the transaction risk and contact both parties if necessary. In 2024, Binance worked through this system with over 20,000 conversations with high -risk users, stopping millions of losses.
If prevention fails, the mechanism of rapid response will begin. This system uses the AI-controlled analysis to instantly evaluate Set reports. The suspected accounts of the fraudster will be frozen within seconds, followed by thorough manual studies. Binance systems also monitor the font's streams upstream and downstream to detect related wallets and block additional losses.
In addition to these pillars, a quiet sufferer support system is designed to help you announce fraud too shame or traumatize. Binance reaches preventively reach these people – through transaction behavior identified – and helps them guide them through the reporting and recovery process.
All in all, these efforts yielded impressive results in 2024. Binance accumulated $ 9.1 million stolen assets through 800 successful recovery every month. More than $ 129 million was prevented before the fraud was completely executed. More than 30,000 phone calls were made to potential victims, providing real -time guidance and warnings.
Binance also played a crucial role in helping global legal protection. In the year of helping the royal police of Malaysia
Creating trust through action
The results of the Binance Refund initiative show that the protection of crypto users does not have to be reactive-it can be preventive, AI-support and deeply human. From real -time fund refrigeration to 24 -hour customer supports, the exchange sets the new standard what safety should look like in the digital asset world.
As fraud continues in complexity, such initiatives are essential not only for individual recovery, but for the reliability and sustainability of the entire cryptocurrency. Once 47,000 malicious addresses have been stated, tens of millions of protected and thousands of lives potentially changed, Binance's work is more than security – a service.
In the year where fraud almost crushed, Binance replied with a record defense. Although not every case ends with restoration, the company's message is clear to users: you are not alone and help is always available. Crypto security is not just about technology – it concerns confidence. And Binance has firmly decided to serve and preserve it.
