CryptoBlog n.2212
🟠 Binance blocks $2.4 billion in potential crypto scams in 2024 Binance, the largest crypto exchange by trading volume, announced that it had prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024, according to an Aug. 20 statement shared with CryptoSlate. Binance revealed that over $1.1 billion, or about 45%, of the $2.4 billion in averted losses involved withdrawals linked to suspected crypto scams. The exchange reported that these efforts protected more than 1.2 million users on its platform.