finance
Binance Reports Preventing Over $10 Billion in Fraud Using AI Models
Binance stated it blocked more than $10 billion in fraudulent activity through its use of over 100 artificial intelligence models. The exchange provided no additional details on the timeframe or specific methods involved.
May 20, 3:50 PM·1m read1 source
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Binance stated it prevented more than $10 billion in fraud by deploying over 100 artificial intelligence models. The exchange did not specify the period covered by the figure or describe how the models operate.
Binance said the AI systems identified and stopped fraudulent transactions across its platform. No further technical details were released about the models or their detection criteria. The company has not indicated whether similar results are expected in future reporting periods.
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