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In 2024, Binance prevented the theft of more than $2.4 billion in user funds. The incidents affected 1.2 million customers of the exchange, according to the company's blog.
"This achievement is the result of Binance's comprehensive risk management measures, which help to effectively detect and flag suspicious transactions on the platform", the report said.
The exchange monitoring system is based on a hybrid mechanism based on artificial intelligence and manual checks. The company noted that it monitors suspicious activities in real time and allows you to take measures to protect users.
The system affects various areas such as P2P trading, payments, withdrawals, and others. Binance noted that suspicious transactions are most often flagged at the stage of withdrawing cryptocurrencies - more than $1.1 billion, or about 45% of prevented losses, are related to this area.
In addition to monitoring and detecting threats, Binance uses a number of tools to protect users from crypto scams.
"This achievement is the result of Binance's comprehensive risk management measures, which help to effectively detect and flag suspicious transactions on the platform", the report said.
The exchange monitoring system is based on a hybrid mechanism based on artificial intelligence and manual checks. The company noted that it monitors suspicious activities in real time and allows you to take measures to protect users.
The system affects various areas such as P2P trading, payments, withdrawals, and others. Binance noted that suspicious transactions are most often flagged at the stage of withdrawing cryptocurrencies - more than $1.1 billion, or about 45% of prevented losses, are related to this area.
In addition to monitoring and detecting threats, Binance uses a number of tools to protect users from crypto scams.
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