Cryptocurrency investors

2022-09-07

Fraudsters repurposed an old interview with Apple CEO Tim Cook using AI or video editing to promote a fake crypto event on YouTube. The altered video was designed to mislead viewers into believing Tim Cook endorsed a new cryptocurrency scheme. The stream attracted tens of thousands of viewers, potentially exposing them to the scam before it was removed for violating YouTube’s terms of service.

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.