Hackers reportedly deepfaked a Binance exec to carry out listing scams

According to Chief Communications Officer, hackers used one of his images in Zoom calls to scam cryptocurrency executives. Patrick Hillman claims the hackers successfully tricked crypto project officials into believing he would help them list their tokens on the Binance exchange.

In a sighted by , Hillmann wrote that the scammers built the deepfake based on his interviews and television appearances. Hillmann learned of the deception after receiving messages thanking him for discussing listing opportunities. However, he said he has not met with any of these people and is not involved in Binance’s listing process.

“This deepfake was sophisticated enough to fool several highly intelligent members of the crypto community,” Hillmann wrote. It’s not clear how many crypto projects were affected by the scam or how much the people behind them may have paid for the promise of a Binance listing. Binance does not have a fixed number for listing fees. It solicits projects they are comfortable with and donates fees to charity.

Hillmann notes that Binance has strict cybersecurity rules. However, that doesn’t stop hackers from posing as his employees. “Recently, there has been a surge in hackers posing as Binance employees and executives on platforms like Twitter, LinkedIn, Telegram, etc.,” Hillmann wrote. Binance CEO Changpeng Zhao that there are around 7,000 alleged profiles of the company’s employees on LinkedIn, but only around 50 are real.

This isn’t the first time criminals have used technology to impersonate executives. In 2019, a scammer became the CEO of an unnamed company by using artificial intelligence to mimic that person’s voice. They asked the head of a subsidiary to wire $243,000 to a supplier. Of course, this money never got to its intended destination.

Last year someone from the chief of staff of Russian opposition leader Alexei Navalny tricked politicians in the Netherlands into making a video call with them. Facebook deepfaked Ukrainian President Volodymyr Zelenskyy in March, shortly after Russia invaded his country.

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https://www.engadget.com/binance-executive-deepfake-listing-scam-154729114.html?src=rss Hackers reportedly deepfaked a Binance exec to carry out listing scams

Russell Falcon

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