Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

OKX user claims to have lost $2 million in deep fake AI scam

Share This Post

A user known as “来日方长” (The Future is Long) has reported a significant security breach involving their OKX account, resulting in a loss exceeding $2 million. According to WuBlockchain, the user detailed that scammers had obtained all of his personal information through Telegram. Utilizing this data, the attackers accessed his email account and initiated a password reset. They then employed an AI-generated video to change his phone number, email address, and Google Authenticator settings. This sophisticated method allowed the scammers to drain the account within 24 hours.

The incident emphasizes the growing threat of AI-driven cybercrime in the crypto sector. Deepfake technology, which can mimic a person’s voice, face, and gestures, has been increasingly used in cyber attacks. As reported by Government Technology, these AI-generated deepfakes can deliver disinformation and fraudulent messages at an unprecedented scale and sophistication, making them harder to detect and stop. This new generation of cyber attacks is undermining trust in digital interactions, posing significant challenges for both individuals and organizations.

The breach involving 来日方长 is part of a broader trend of AI-related fraud. Earlier this year, Fortune highlighted the emergence of OnlyFake, a site capable of producing highly realistic fake IDs that can fool know-your-customer processes at crypto exchanges like OKX. These developments indicate that cybercriminals are increasingly leveraging AI to bypass traditional security measures.

In response to these threats, experts emphasize the importance of enhanced security awareness and training. As noted by Government Technology, effective security awareness training can change security culture, making individuals more vigilant and better equipped to detect sophisticated phishing attacks. Moreover, organizations are encouraged to adopt new technology tools that use AI to detect and prevent message fraud, thereby fighting fire with fire.

As of now, neither OKX nor the cybersecurity firm SlowMist has issued a response regarding the incident involving 来日方长. CryptoSlate has reached out to OKX for comment but has not received a response as of press time. WuBlockchain has urged exchanges to heighten their security measures and for users to be more vigilant about the protection of their personal information to mitigate the risk of such advanced attacks. The incident serves as a stark reminder of the evolving nature of AI cyber threats and the need for continuous adaptation in security practices.

The post OKX user claims to have lost $2 million in deep fake AI scam appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Sees $3 Billion Daily Growth in Realized Cap Amid Ongoing Accumulation

The broader cryptocurrency market has been on an upward trajectory over the past few weeks, partly driven by improving global macroeconomic conditions Recent policy shifts between the United States

Safemoon CEO Found Guilty in Major Crypto Fraud, Could Serve 45 Years

Safemoon’s explosive rise was fueled by a massive fraud scheme, as its CEO was convicted for looting investor funds, lying about locked liquidity, and laundering millions Safemoon CEO Faces 45

XRP Price Prediction Today

The post XRP Price Prediction Today appeared first on Coinpedia Fintech News XRP’s price action has remained fairly quiet in recent days, but there are some important levels and scenarios that

Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength

Ethereum price found support at $2,440 and started a fresh increase ETH is now rising and might aim for a move above the $2,650 resistance zone Ethereum started a decent increase above the $2,500 and

Dogecoin Price Completes Daily Trend Break, Why $0.42-$0.43 Supply Zone Is Next

Dogecoin (DOGE), the world’s largest meme coin, is completing a significant technical break on the daily timeframe, sparking renewed optimism amongst analysts Following weeks of consolidation and

Pi Network Soars 10% As Bitcoin Climbs Above $110000; What’s Next For Pi?

The post Pi Network Soars 10% As Bitcoin Climbs Above $110000; What’s Next For Pi appeared first on Coinpedia Fintech News The crypto market continues to move upward, with Bitcoin recently crossing