Binance’s chief security officer Jimmy Su has warned that deepfake technology is been used by crypto fraudsters to bypass Know Your Customer (KYC) verification on crypto exchanges such as Binance.
Su warned that the practice of using deepfakes to bypass KYC verification is only going to get more advanced.
Deepfakes are made using artificial intelligence tools that use machine learning to create convincing audio, images or videos featuring a person’s likeness.
Su said the tools have become so advanced that they can even correctly respond to audio instructions designed to check whether the applicant is a human and can do so in real-time.
However, Su believes the faked videos are not at the level yet where they can fool a human operator.
