Crypto

Hackers are making deepfakes to rip off the crypto community, Binance executive says

Patrick Hillmann, director of communications at Binance, warned of the increase in online scams that target the crypto community. He claimed that scammers are making deep forgery of his image in Zoom calls to scam crypto executives. “Over the past month I have received several messages online thanking me for taking the time to meet with the project teams regarding potential opportunities to list their assets on Binance.com. I have no oversight or insight into Binance listings, and I hadn’t met any of these people before,” he wrote in a blog post.

Deepfake is a video of a person in which their face is usually altered to appear like someone else. This is usually used for malicious purposes or to spread false information. Hillmann said sophisticated hacking teams had used interviews and previous TV appearances over the years to create a “deep fake” of him.

There has been a recent spike of hackers claiming to be Binance employees and executives on platforms such as Twitter, LinkedIn, Telegram, etc. are real.

According to Hillman, the first line of defense is always the users themselves. “Be vigilant and always take proactive steps to ensure you don’t fall prey to scams and identity theft,” he said. Moreover, he said that the Binance Verify tool to verify if the account officially represents Binance is not foolproof. For example, a scammer can spoof their “from” email address or hide behind the real name of a Binance employee. Either way, Binance Verify would produce mixed results.

He asked interested crypto executives to make sure to only submit forms through the official listing application link found on the footer of Binance’s official website.

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