Crypto #scams continue to surge, with losses from investment fraud skyrocketing by 53% from 2022 to 2023, hitting $3.94 billion. Alarmingly, in 2024, Binance reports preventing over $2.4 billion in potential scam-related losses, with over 1.2 million users protected. These scams often target unsuspecting victims through promises of high returns, exploiting custodial accounts and other sophisticated tactics. As fraudsters become more inventive, itâs vital to stay informed and secure.
At Binance, we're using advanced AI-powered systems and 24/7 monitoring to block suspicious activities, particularly during crypto withdrawals, which have been flagged for over $1.1 billion in suspected scams this year alone. By focusing on compliance and improving security tools, Binance is dedicated to protecting the community and enhancing user safety.
Always double-check sources, avoid offers that seem too good to be true, and ensure every transaction is secure. Letâs work together to fight fraud and stay safe in the ever-evolving crypto space.
#CryptoSecurity #StaySafe #ProtectYourAssets #CryptoMarketMoves
