Scammers use AI-powered deepfakes of crypto exchanges to steal bitcoin wallets

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Any crypto start-up would be thrilled to have their tokens listed on a global hub like Binance. It would give them validation. And exposure to a huge number of cryptocurrency owners and traders. This would be a boost to the token’s price 

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In reality getting listed on Binance is not easy. And the process is long and expensive.

Using artificial intelligence, they replicated Hillmann, and used the fake on multiple video calls. The scammers were trying to convince potential listing candidates to pay for their “listing”.

While no specific threat actor was named in the scam Hillmann claimed a “sophisticated hacking team” had used old news interviews and TV appearances of him to create the AI-powered deepfake hologram. 

He said the deepfake was good enough to fool some highly intelligent crypto community members. But it wasn’t accurate because it was missing 15 pounds, he gained during COVID.

Fortunately, Hillman discovered the deepfake attack.

Malicious links to AI-powered deepfakes

When a victim clicks a malicious link, it is intended to take them to the fake site. These websites are very realistic-looking imitations hosted on either Google Sites or Microsoft Azure.