Binance

Deepfake Of Binance CEO Duped Crypto Developers

Binance

Patrick Hillmann, Binance CCO, blogged about the incident . A hacker team exploited his past interviews and TV appearances to construct a “deep fake” of him, he said.

Fraudsters impersonated Hillmann in virtual meetings with cryptocurrency engineers. Deepfakes can replace your face with a celebrity’s or change a subject’s lips to say something else.

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Scammers appear to have deepfaked Hillmann during Zoom calls. The Binance executive heard of the scheme when people thanked him for listing their cryptocurrency projects. “This was odd because I don’t oversee Binance listings and hadn’t met any of these people before,” Hillmann wrote.
Hillmann was on a Zoom call, according to one message. Hillmann replied, “Not me.” This led him to discover that scammers were utilising a Mark J. Marshall LinkedIn profile. Using the destroyed LinkedIn profile, the scammers likely set up Zoom meetings with cryptocurrency developers.
The Hillmann deepfake was likely used to legitimise Zoom sessions. This deep fake fooled some highly intelligent crypto community members, Hillmann said.

The event highlights the danger of cybercriminals using deepfake technology. The FBI warned in June that scammers were impersonating job hopefuls during remote interviews. Voice-based deepfakes were used to secure positions with access to sensitive information, such as financial records and IT systems.
Hillmann warned coders to be wary of Binance-looking messages. Hackers have been impersonating Binance employees and executives on Twitter, LinkedIn, Telegram, etc., he stated.
Hillman said Binance impersonators will give cryptocurrency creators a chance to advertise for a fee, which they can steal. There’s a simple technique to identify if a Zoom call is a deepfake. The system struggles to produce false faces when people move sideways or cover their face.

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