Binance touts $300M compliance spend after $10.5B fraud blocks

Binance says it spends about $300 million a year on compliance, making user protection one of its largest operating expenses. 

In a June 29 blog post, the exchange said the spending supports fraud prevention, investigations, operations, technology and law-enforcement work.

The company said nearly 1,500 staff work in compliance-related roles, or about one in four employees. Binance also said it allocates about 0.22% of assets held to compliance, compared with about 0.14% across the broader financial industry, based on its research estimates.

Binance fraud checks and recoveries take focus

Binance said its systems intercepted $10.53 billion in potential fraud, scams and unusual activity between 2025 and Q1 2026. The exchange said it also spent more than $3 million on compliance-focused AI compute during the first five months of 2026.

The company also reported more than $8.2 billion in user asset recoveries since 2021. Its blog later said it helped recover $8.2 billion in missent assets across 1.28 million user appeals in 2025, while also helping recover more than $174 million linked to outside hacks and security incidents since 2025.

Law-enforcement requests pass 313,000

Binance said it has supported 313,653 law-enforcement requests from global authorities to date. The exchange said it handled 72,632 requests in 2025 and another 36,235 requests by June 2026.

It also said the work supports fraud prevention, asset recovery and law-enforcement cooperation. These figures remain company-reported and have not been independently verified in the source material reviewed.

New claims meet old scrutiny

The new figures come after Binance’s 2023 U.S. settlement, when the exchange admitted anti-money-laundering, unlicensed money transmission and sanctions violations. The Justice Department said Binance agreed to pay $4.3 billion, improve compliance and retain an independent monitor.

As reported by crypto.news, Binance CEO Richard Teng pushed back last month against a Wall Street Journal sanctions report and said the exchange has “zero-tolerance for illicit activity.” The same report noted that Binance had cited stronger controls, a larger compliance team and more law-enforcement cooperation after its U.S. plea deal.

As previously reported by crypto.news, Binance’s compliance rebuild has also faced questions over staff turnover and possible leadership changes. That report said Chief Compliance Officer Noah Perlman had discussed future departure matters while the company remained under post-settlement review.

Binance also faces pressure in Europe. As reported by crypto.news, the exchange moved to suspend several EU services from July 1 after failing to secure a MiCA license before the deadline. That adds another test for Binance as it tries to show regulators that its compliance program has changed.