Deepfake of Binance CCO used for listing scams - Bitcoin News

A group of hackers were successful in passing themselves off as Patrick Hillmann, the chief communications officer (CCO) of Binance, during a series of video chats with various representatives of cryptocurrency projects.

In order to accomplish this goal, the attackers utilized what Hillman referred to as an AI Hologram, which was a deepfake of his picture. They were successful in deceiving some representatives of these projects, leading them to believe that Hillman was assisting them in becoming listed on the exchange.

Binance Chief Compliance Officer Patrick Hillmann Impersonated by Other Individuals or Organizations

Hackers and con artists are improving their techniques by using an increasing number of technology tools into their con games. Patrick Hillmann, the chief communications officer (CCO) for Binance, announced last week that scammers have been using his image in a novel and ingenious method to pull off a listing scam operation.

Hillmann claimed that hackers were able to construct an AI (artificial intelligence) hologram of him. This was a form of deepfake that was used to deceive leaders of various cryptocurrency projects while they were on Zoom calls. Hillmann alleged that this happened. These initiatives were successfully duped into thinking that they were being considered for listing on Binance and that Hillmann was a part of this operation thanks to the hologram's deception.

When these individuals from the group contacted Hillmann to express their gratitude for his assistance with the purported listing chances, the listing scheme was brought to light. On the other hand, he was not involved in the process of listing companies on the Binance exchange, therefore he was unaware of these conversations.

Hillmann did not give any details regarding the cryptocurrency projects that were targeted, nor did he disclose the amount of money that was invested for the purported listing services.

Cons All Over the Internet

The Chief Compliance Officer for Binance has warned that there has been an increase in a certain type of impersonation scam on a number of social media sites across the entire internet. Hillmann has something to say about this matter:

In addition to this most recent attack, there has recently been an increase in the number of hackers impersonating Binance employees and executives on various online platforms such as Twitter, LinkedIn, Telegram, etc. We are ready to fight for the rights of our users and to protect our ecosystem.

Hillmann emphasized that the Binance listing procedure does not include any third parties, and that the only method for submitting project listing proposals is through the use of a direct listing application website. Binance does not charge a fixed listing fee for these projects, as stated in a blog post that was written and published in the previous year. Binance provides the following explanation regarding the value of the listing fee:

In addition, the fees that are collected by the exchange are given wholly to Binance Charity, which is a charity organization that is tracked using blockchain technology and is sponsored by the exchange. Listing frauds appear to be becoming more widespread, since the Brazilian cryptocurrency investing platform Bluebenx was recently a victim of one of these types of scams as well.

What are your thoughts on the deepfake-powered listing fraud that Binance is running? Tell us in the part below devoted to comments.

Orizu Ebube

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Humphrey Arinze Chukwu 11 w

Nice one