Artificial intelligence has a love-hate relationship with crypto and blockchain technology: although the advent of ChatGPT has brought awareness of the full potential of AI in the world of trading, big data, and smart contracts, there are still some dangers that the crypto community needs to distance itself from.
In particular, Binance believes that through deepfakes, some malicious users are able to evade KYC verification systems by scamming companies and investors.
Crypto alert: artificial intelligence and deepfakes
First “red flag” in the cryptocurrency world regarding the much-loved artificial intelligence technology.
According to Jimmy Su, head of security at Binance, the next wave of scams for the industry will be spearheaded by deepfakes, which are spreading thanks to AI software.
Through machine learning, deepfakes are able to recreate highly plausible (but fake) images or videos from real content on networks.
In particular, these fake versions highly realistically recreat
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