According to Foresight News, Binance announced that from January to July 2024, it has successfully prevented more than $2.4 billion in losses from potential scams and fraudulent activities that could affect more than 1.2 million users. Of the $2.4 billion in prevented losses recorded so far this year, withdrawals related to suspected cryptocurrency scams accounted for more than $1.1 billion, or about 45% of the total amount.