Crypto fraud is mutating fast, with synthetic voice cloning, bot-driven social engineering, and AI-crafted impersonations making old defenses look outdated. Binance says it has rebuilt risk management around predictive AI, deploying machine learning at massive scale to intercept fraudulent transactions and protect users. In a reported 12-month window, it claims to have blocked $10.53 billion in scams and shielded 5.4 million users, while also pushing user education as a “human firewall” against increasingly persuasive scams.
Binance says it has become the first fully authorized crypto exchange under Abu Dhabi’s ADGM regulatory framework, as its user base crossed 300 million. In its year-end blockchain report, the exchange argues the next phase is treating crypto platforms like financial infrastructure, spotlighting governance, resilience, and stronger user protection over hype-driven growth.
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A US federal judge has rejected Binance’s bid to force crypto loss claims into arbitration. The court said customers can sue in regular court over alleged unregistered token sales, citing Binance’s failure to clearly notify users about terms changes that imposed arbitration and waived class-action rights. The ruling revives claims tied to seven tokens.
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