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Binance has successfully blocked $2.4 billion in scams in 2024 using its AI-powered risk management system. The technology flagged suspicious transactions across peer-to-peer, payments, and withdrawals, protecting over 1.2 million users from potential losses. Additionally, Binance's security team has frozen and recovered approximately $73 million in stolen user funds from external parties as of July 31, 2024.
AI technology could potentially prevent issues on Coinbase during Bitcoin price crashes. The exchange previously faced problems, but AI has significantly improved scaling capabilities.
In an interview with @Cointelegraph, @BinanceLabs Investment Director Max Konilio explained the reasons behind the company's dive into the artificial intelligence sector. On August 14, the firm invested in Sahara AI, a startup aiming to develop AI using blockchain technology.… https://t.co/UoXO4UhF9F
A user-focused culture that defines everything we do. As of July 31, 2024, #Binance’s Security team froze and recovered an estimated $73 million in stolen user funds from external parties. Read more here 👉 https://t.co/nAtImyKhjL https://t.co/aNNOz2NDJQ
