#CryptoScamSurge Hits Binance đ¨
đ Whatâs Buzzing:
Binance users are increasingly targeted by advanced scamsâfrom phishing and P2P fraud to SMS spoofing and addressâpoisoning attacks. The losses are real, and the threats are evolving fast.
Phishing scams soared in early 2025âcosting victims upwards of $1.2 million from address poisoning alone in one February report.
In 2024, Bitcoin address poisoning losses totaled over $46 million in just September, with phishing scams accounting for over $1 billion in stolen crypto across the crypto industry.
AIâpowered scams are intensifyingâpigâbutchering schemes grew nearly +40% YoY, and experts forecast $15 billion in total scam losses by 2025.
How Binance Is Fighting Back:
Through its AntiâScam Refund Initiative, Binance has used AI to prevent $129M in scams and recovered $9.1M monthly from victims in 2024 alone.
Their systems flagged 47,000 malicious addresses, sent 15,000 daily alerts, and made 30,000+ warning calls each month.
For 2024âs first half, Binance claims it prevented over $2.4B in potential losses, protecting more than 1.2M users
Be aware!!đ
