Binance Allocates $300M Annually for Compliance, Blocks $10.5B Fraud
2026-06-30 00:51

Woofun AI reports that Binance allocates approximately $300 million annually to compliance operations, supported by a dedicated team of nearly 1,500 employees focused on regulatory adherence. The exchange’s systems prevented $10.53 billion in potential fraud attempts between 2025 and the first quarter of 2026, while recovering over $8.2 billion in user assets since 2021 and responding to 310,000 law enforcement requests globally.

In a separate regulatory update, Binance withdrew its application for a Markets in Crypto-Assets (MiCA) license in Greece. The company stated it intends to seek re-authorization in other European Union member states.

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