A user of the OKX cryptocurrency exchange lost more than $2 million worth of crypto assets due to a personal data leak. Hackers changed the security settings in his account, posing as a victim using a deepfake.
The victim, named Lai Fang Chang, shared details of the incident with crypto journalist Colin Wu. Hackers broke into Chan's Telegram account, took possession of personal data and gained access to email through the password recovery function.
The hackers then used a deepfake with Fang Chan's face generated by artificial intelligence. Deepfake helped you change your OKX account security settings, including your client's phone number, email address, and Google identification settings. During the day, cybercriminals managed to steal more than $2 million from the affected user's account. It is not specified which cryptoassets were stolen by unknown persons.
OKX's security team confirmed the incident and promised to help Fan Chan recover the stolen assets in cooperation with law enforcement agencies.
The incident that occurred on OKX indicates the spread of cryptocurrency fraud using deepfakes. Using the technology, attackers can imitate a person's voice and face in order to successfully pass the Know Your Customer (KYC) procedure, as well as to distribute fake videos about cryptocurrency distributions.
The victim, named Lai Fang Chang, shared details of the incident with crypto journalist Colin Wu. Hackers broke into Chan's Telegram account, took possession of personal data and gained access to email through the password recovery function.
The hackers then used a deepfake with Fang Chan's face generated by artificial intelligence. Deepfake helped you change your OKX account security settings, including your client's phone number, email address, and Google identification settings. During the day, cybercriminals managed to steal more than $2 million from the affected user's account. It is not specified which cryptoassets were stolen by unknown persons.
OKX's security team confirmed the incident and promised to help Fan Chan recover the stolen assets in cooperation with law enforcement agencies.
The incident that occurred on OKX indicates the spread of cryptocurrency fraud using deepfakes. Using the technology, attackers can imitate a person's voice and face in order to successfully pass the Know Your Customer (KYC) procedure, as well as to distribute fake videos about cryptocurrency distributions.
