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Deepfakes in Crypto: Rising Risks and Concerns

Deepfakes in Crypto: Rising Risks and Concerns

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by Giorgi Kostiuk

4 hours ago


The crypto industry is witnessing a rise in attacks using deepfake technology, posing significant threats to industry professionals. Notable figures, including Binance's founder Changpeng Zhao, have raised alarms.

New Threats to Crypto Executives

Recent reports of hacking schemes using Zoom targeting well-known figures in the crypto space have gained attention. Changpeng Zhao emphasized the need for vigilance as the threat of deepfakes evolves to potentially make video verification unreliable.

Victims' Experiences

Japanese crypto figure Mai Fujimoto shared her experience where attackers impersonated an acquaintance during a Zoom call. After clicking a link claiming to be a software update, her systems and accounts were compromised. 'Had I known about this type of attack, I might not have clicked the link,' she stated.

Connection to Notorious Hacking Groups

The attacks are linked to tactics used by the Lazarus hacker group, which has repeatedly targeted the crypto industry. Security analysts warn that such schemes are becoming increasingly common, stressing the importance of adopting stricter security measures within the industry.

Deepfake attacks represent a serious threat to the crypto industry. Experts urge increasing awareness and implementing protective measures for personal data and systems.

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