Hackers Use Deepfakes of Binance Execs to Scam Multiple Crypto Projects

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-A recent report from a Binance executive reads more like a tech lingo bingo card than a warning about online stranger danger.
-Apparently going the usual route to hack crypto projects was a little too lo-fi for some crafty scammers, as the crypto exchange announced that hackers had a hologram deepfake to defraud several crypto projects out of their funds.
-Binance Chief Communications Officer Patrick Hillmann wrote in a blog post last week that internet scammers had been using deepfake technology to copy his image during video meetings.
-Hillmann shared one screenshot of messages sent over LinkedIn with one supposed project leader telling the Binance exec somebody had impersonated his hologram.
-The communications officer wrote that a team of hackers had used old interviews found online to create a deepfake of him.
-Hillman n added that Other than the 15 pounds that I gained during COVID being noticeably absent, this deep fake was refined enough to fool several highly intelligent crypto community members.
-Binance is ranked as one of the biggest crypto exchanges by far when comparing trading volume, which likely makes it it a high value target for scammers looking to squeeze both crypto users and project leaders out of their money.
-The exec did not state how many of these crypto projects have been scammed, but apparently, theres been a rash of hackers faking themselves as Binance staff on multiple social platforms including Twitter, LinkedIn, and Telegram, Hillmann wrote.
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-Over the past month, Ive received several online messages thanking me for taking the time to meet with project teams regarding potential opportunities to list their assets on Binance.com, Hillman n wrote.
-The fact that these execs were not only targeting crypto users, but crypto project teams as well, points to just how prolific scams and hacks are in the larger crypto community.
-Of course, Binance isnt immune to user complaints. Gizmodos past reporting uncovered hundreds of complaints filed with the Federal Trade Commission against the exchange, many arguing that they put their crypto into Binance but were restricted from withdrawing it.
-Sophisticated deepfake technology has been a tough nut to crack for many high-profile individuals. Researchers have proved many online accounts on LinkedIn are AI-generated. Law enforcement officials have said that deepfakes are being used more and more to apply to remote jobs.


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