Hackers committed fraud by impersonating Binance’s senior manager

Binance's chief communications officer says hackers used his image in a series of video calls to scam cryptocurrency managers. Patrick Hillman claims that hackers have simply tricked representatives of cryptocurrency projects into thinking that Hillman is helping them get listed.

BingMag.com Hackers committed fraud by impersonating Binance’s senior manager

Binance's chief communications officer says hackers used his image in a series of video calls to scam cryptocurrency managers. Patrick Hillman claims that hackers have simply tricked representatives of cryptocurrency projects into thinking that Hillman is helping them get listed.

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Hillman announced in a post about this that the fraudsters made this deepfake based on his interviews and TV appearances. For those users who don't know, we should point out that by using Deepfake technology, it is possible to produce videos that are very close to reality. In fact, this technology can create fake photos and videos with high precision and very similar to the original in such a way that it is difficult for ordinary users to recognize it and be confused with the original.

Hillman. He found out about the scam after receiving messages thanking him for discussing the company's listing of some cryptocurrency projects. However, he said he did not meet with any representatives of cryptocurrency projects and was not involved in the Binance listing process. That has fooled several very smart members of the cryptocurrency community. It is unclear how many crypto projects were affected by the scam or how much their backers paid for the promise of a Binance listing. In addition to this fraud, recently the number of hackers pretending to be employees and managers of this company on platforms such as Twitter, LinkedIn, Telegram, etc. has increased in a strange way. We are ready to defend our users and our ecosystem.

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BingMag.com Hackers committed fraud by impersonating Binance’s senior manager

According to Hillman's statement, the Binance listing process does not involve third parties and requests to list projects will only be received and reviewed through the company's official request page. According to a post published last year, Binance does not charge a fixed fee for these projects. Also, fees collected by other digital currency projects will be fully donated to Binance Charity, a blockchain tracking charity. Hillman notes that Binance has strict cybersecurity rules. However, these policies have not prevented hackers from impersonating the company's employees.

Changpeng Zhao, the CEO of Binance recently warned that there are about 7,000 profiles of the company's employees on LinkedIn. But only about 50 of them are real. Of course, this is not the first time that criminals have introduced themselves as executives with the help of technology. For example, in 2019, a fraudster used AI to impersonate the CEO of an unknown company and ask the head of a subsidiary to wire $243,000 to a supplier's account, but the money never reached its intended destination.

Also last year, someone used a deepfake of Russian opposition leader Alexei Navalny's chief of staff to trick Dutch politicians into making video calls. In March, Facebook removed the deepfake of "Volodymyr Zelensky", the president of Ukraine, immediately after the Russian attack on his country.>

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