Cryptocurrency exchanges
Incidents Harmed By
Incident 6446 Reports
State-Sponsored Hackers Escalate Phishing Attacks Using Artificial Intelligence
2024-02-18
State-sponsored hackers from North Korea, Iran, Russia, and China are reportedly leveraging artificial intelligence to conduct sophisticated phishing and social engineering attacks. They target global defense, cybersecurity, and cryptocurrency sectors, aiming to steal sensitive information and, in the case of North Korea, cryptocurrencies to help fund its illicit nuclear program.
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ProKYC Tool Allegedly Facilitates Deepfake-Based Account Fraud on Cryptocurrency Exchanges
2024-10-09
Cato CTRL security researchers reported that the cybercriminal group ProKYC is selling a deepfake tool capable of bypassing biometric and two-factor authentication (2FA) systems on cryptocurrency exchanges. The tool creates synthetic identities using AI-generated videos and forged documents, enabling fraudulent account creation. A demo video from ProKYC shows the tool in action against ByBit, allowing attackers to verify fake accounts for purposes such as money laundering and identity theft.
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