The post How AI-Driven Deep Fake Scammers Are Looting Millions From Crypto Users appeared first on Coinpedia Fintech News
Scammers are using Deepfake AI technology to con millions of dollars from crypto users and this is becoming a major issue in the crypto space.
The cryptocurrency market has recently faced a major issue when the deepfake AI application was used to conduct a large-scale theft and take $2 million from an OKX user.
Here is how the hack unfolded
The incident was reported by the victim, identified as Lai Japanese Fang Chang on 3 June. WuBlockchain cited local media stating that initially, the scammers got Chang’s details from a data breach on Telegram. This informed them on how to access his email on OKX using the “forgot password” option.
Identifying themselves as Chang, the scammers used a deepfake video that looked real to change most of his security features such as the email ID and Google authenticator. Unfortunately for Chang, the hackers
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