Binance Risk Engine Prevents $2.4 Billion In Potential Losses From Scams In 2024 – Report

On Tuesday, the crypto exchange Binance announced that it had prevented over $2 billion in potential losses from fraud and scams since January 2024. The exchange highlighted its risk management measures and “proactive approach” as the key to seakeeping the funds of over 1 million users from fraudulent activity. Related Reading: ‘Public DeFi, Private Wallet’: