Binance P2P platform uses AI models to detect fraud and has prevented more than 2,000 potential scams

Binance Blog published a new article, introducing how the Binance P2P platform uses advanced large language models (LLMs) to monitor fraud in transactions and assist in resolving user complaints. Common scams include tricking sellers into releasing cryptocurrencies before receiving payment, or asking buyers to cancel orders after payment. By combining artificial intelligence tools and customer service teams, Binance is committed to ensuring users have a safe experience on the P2P platform. Since its launch in 2018, the Binance P2P platform has become a convenient channel for trading between Bitcoin and local currencies, but it also faces specific risks. To this end, Binance has established a security infrastructure that uses AI models to identify malicious users. It has successfully detected and blocked more than 2,000 potential scams and automatically assisted in completing 212,000 orders involving more than $28 million.