Binance Wallet Helps Users Avoid $540 Million in Potential Losses in First Half of Year

September 7 news, according to the official blog, Binance Wallet's Security Center helped users avoid approximately $540 million in potential losses in the first half of 2026. The Security Center deploys defenses at every stage of the attack chain: filtering approximately 206 million spam transfers, identifying approximately 4.93 million high-risk transactions (covering 19 chains), and detecting approximately 996,000 malicious authorizations. Binance noted that attackers are leveraging AI to scale fraud, with the number of malicious entities growing nearly threefold quarter-over-quarter, and AI has driven the cost of generating fake websites, deepfake videos, and malicious scripts to near zero.