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Hackers Used Binance CCO’s Deepfake to Scam Exchange Listings – Bitcoin Exchanges News

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A group of hackers managed to impersonate Binance Chief Communications Officer (CCO), Patrick Hillmann, in a series of video calls with several cryptocurrency project representatives. The attackers used what Hillman described as an AI hologram, a deepfake of his image for this purpose, and managed to trick some representatives of these projects into believing that Hillmann was helping them get listed on the stock exchange.

Binance CCO Patrick Hillmann impersonated by third parties

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 on a new and sophisticated way attackers used his image to perform a listing scam operation.

Hillmann said the hackers managed to program an AI (artificial intelligence) hologram of him, a sort of deepfake that was used to scam representatives of several cryptocurrency projects in Zoom calls. The hologram was able to trick these projects into believing that they were being considered for listing on Binance and that Hillmann was part of this operation.

The sign-up system was discovered when these members contacted Hillmann to thank him for his help with the alleged sign-up opportunities. However, he had no knowledge of these meetings as he is not part of the listing process at Binance.

Hillmann did not disclose details of the targeted cryptocurrency projects, nor the funds invested for the purported listing services.

Web scams

Binance’s CCO has also alerted to an increase in this type of impersonation scam on several social media platforms all over the internet. Regarding this, Hillmann said:

Beyond this latest incident, there has been a recent spike in hackers impersonating Binance employees and executives on platforms such as Twitter, LinkedIn, Telegram, and more. We are ready to defend our users and our ecosystem.

Binance’s listing process does not include third parties, Hillmann clarified, and project listing proposals are only received through a direct listing application page. According to a blog post published last year, Binance does not apply a fixed registration fee to these projects. About the value of the registration fee, Binance explains:

There is no fixed number. Just come up with a number you’re comfortable with. Show your willingness to contribute to social impact.

Additionally, the fees collected by the exchange are entirely donated to Binance Charity, a charity tracked by the blockchain and sponsored by the exchange. SEO scams seem to be becoming more and more common, as Bluebenx, a Brazilian crypto investment platform, has also fallen victim to this type of scam recently.

What do you think of the SEO scam powered by Binance deepfake? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game, entering the cryptosphere when the price surge happened in December 2017. Having a background in computer engineering, living in Venezuela and impacted by the cryptocurrency boom at social, it offers a different point of view. on the success of crypto and how it helps the unbanked and underserved.

Image credits: Shutterstock, Pixabay, Wiki Commons, Iryna Budanova, Shutterstock.com

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