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Market
Will Binance protect at least 2 million users from scams and fraudulent activities in 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official Binance announcement or financial report for 2024
Story
Binance Prevents $2.4B in Fraud Losses, Protects 1.2M Users in 2024
Aug 20, 2024, 01:12 PM
Binance has announced that from January to July 2024, it successfully prevented over $2.4 billion in potential losses from scams and fraudulent activities. This achievement was made possible through a combination of artificial intelligence and manual reviews, which enabled the detection of suspicious transactions, particularly at the cryptocurrency withdrawal stage. The company reported that these efforts protected 1.2 million users globally. Binance has been actively collaborating with law enforcement agencies, processing over 58,000 requests and conducting 120 workshops for cybercrime specialists in 2023.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Significant market share increase • 25%
Moderate market share increase • 25%
No significant change • 25%
Market share decrease • 25%
Less than $80 million • 25%
$80 million to $100 million • 25%
$100 million to $120 million • 25%
More than $120 million • 25%
