#BinanceSafetyInsights

#BinanceSafetyInsights

Binance has implemented robust security measures to protect its users and combat crypto-related crimes. In 2024, the exchange prevented over $4 billion in potential losses through advanced AI-driven systems and proactive strategies . Their Anti-Scam Refund Initiative successfully recovered $9.1 million and thwarted $129 million in potential scams by blacklisting 47,000 malicious addresses and issuing 15,000 daily alerts . Binance's eight-tiered risk control framework includes real-time fraud alerts, cooling-off periods for suspicious withdrawals, and direct intervention via voice calls in high-risk situations . Additionally, Binance collaborates with global law enforcement, responding to over 64,800 requests in 2024, and has conducted 100 training sessions to bolster global crypto security . These initiatives underscore Binance's commitment to user safety and setting industry standards in crypto security.