Hackers Used Deepfake of Binance CCO To Perform Exchange Listing Scams

A group of hackers managed to impersonate Binance chief communications officer (CCO) Patrick Hillmann in a series of video calls with several representatives of cryptocurrency projects. The attackers used what Hillman described as an AI hologram, a deepfake of his image for this objective, and managed to fool some representatives of these projects, making them think Hillmann was helping them get listed on the exchange. From a report: Hackers and scammers are refining their methods by including more technological tools in their schemes. Binance chief communications officer (CCO), Patrick Hillmann, reported last week about a new and sophisticated way in which attackers have used his image to perform a listing scam operation. Hillmann stated that hackers managed to program an AI (artificial intelligence) hologram of him, a kind of deepfake that was used to scam representatives of several cryptocurrency projects in Zoom calls. The hologram was able to fool these projects into believing that they were being considered for listing on Binance and that Hillmann was part of this operation. The listing scheme was discovered when these members contacted Hillmann to thank him for his help in the alleged listing opportunities. However, he had no knowledge of these meetings because he is not part of the listing process at Binance.

The penalties for scamming are too low...

[MikeDataLink]

Since most of the scammers are in foreign countries that either have lax laws or corrupt governments we're going to need to find better penalties for these scammers.

Something like a drone strike on their house.... or a seal team execution works for me. :-)

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[bill_mcgonigle]

> Something like a drone strike on their house.... or a seal team execution works for me. :-)

The Islamic states feel the same way about Western countries.

Better lock your doors at night.

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[fermion]

It is more like there are too many people just wanting to make money fast so there is no due diligence. People want to believe, so give them a good story and that is enough. Look at Amway

Or people want to fell valued. Look at the number of families who will throw away their kids education in hope that he might be one in thousand to make the pros and one in a million to have a career. Just because some coach tells them how great they are.

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[DarkOx]

^This^ is sorta illustrative of why DeFi / and all these 'coins' can't really work.

In order for them to be of any real value they have to be either inexpensive to use or very low friction.

Security and usability are fundamentally at odds. In order to be secure there would need to be a lot of checks and validation to make sure you really know who you are dealing with and you really are making a transaction in the correct amount at the right time. Doing that effectively would raise the complexity of transacti

Cat's out of the bag, baby.

[Petersko]

We'll be reacting from a defensive posture for the foreseeable future.

Unless, of course, that collectively we put everything presented to us under the lens of plausibility scrutiny, and question whether the thing we're being told - which we like and wish to be true - is actually not.

So... We'll be reacting from a defensive posture for the foreseeable future.

o.O

[Barny]

News site dedicated to helping cryptocoin scammers scam people reports that scammers scammed cryptocoin scammers in big scam!

"It's totally not their fault!" article reads. "They are perfectly trustworthy scammers! I can't believe people would have thought a cryptocoin scammer did this, when it was actually a scammer!"

This sounds like scammers scamming scammers

[rsilvergun]

Reminds me of the "toecutter" stories where the guy would rip off criminals because they couldn't go to the police. Nobody in crypto wants to involve the cops because they don't want them poking around their systems and stumbling on money laundering or securities fraud.

So if you get scammed by a scammer you don't call in the cops because it's not worth the risk. That makes you a prime target.

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[Iamthecheese]

Most money laundering laws shouldn't exist imo. It's just the state demanding the be given information on every transaction, and the good performed by law enforcement there is outweighed by the government overreach and outright tyranny, such as stealing money from people who have performed suspicious transactions or just like their privacy.

You're complaint is with militarized police

[rsilvergun]

mostly due to our drug war. Not with anti-money laundering laws. Anti-money laundering stops things like state funded terrorism and sex trafficking. But when you pretend to declare war on "drugs" when you're really declaring war on your political opponents (look it up, Nixon started the drug war to go after the left wing) then you get thugs stealing money because they're not there to fight crime, they're enforcers for a certain political point of view.

You can't do stuff like that and have a democracy. A

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[timeOday]

Stealing from bad guys, what could go wrong?

Wait 'til deepfake videos come to the US..

[TigerPlish]

Wait 'til deepfake videos come to the US.. as dezinformatsia propagated by DNC and RNC, or their PACs.

Trust... no... one.... and no thing.

Corridor Digital did this

[kyoko21]

Corridor Digital did this a few months ago for a video. I guess the hackers just took their idea and actually ran with it.

https://www.youtube.com/watch?... [youtube.com]