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Hackers have scammed the exchange listing using Binance CCO’s Deepfake

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News Tech: In a series of video chats with various representatives of cryptocurrency projects, a group of hackers was able to pass as Binance Chief Communications Officer (CCO) Patrick Hillmann. In order to accomplish this goal, the attackers created what Hillman described as an AI hologram, a deepfake of his image. They were successful in convincing some representatives of these projects that Hillmann was assisting them in becoming listed on the exchange.

According to Hillmann, hackers were able to create an AI (artificial intelligence) hologram of him that was utilised as a deepfake to defraud representatives of several cryptocurrency projects via Zoom calls. These projects were duped into thinking that Hillmann was involved in the scheme and that they were being considered for listing on Binance by the hologram.

By incorporating more technology tools into their operations, hackers and con artists are enhancing their techniques. Patrick Hillmann, the chief communications officer (CCO) of Binance, revealed last week that hackers had used his image in a novel and sophisticated listing hoax scheme.

When these members got in touch with Hillmann to express their gratitude for his assistance in the purported listing opportunities, he learned about the listing scheme. He was not involved in the Binance listing process, therefore he was unaware of these meetings.

Hillmann confirmed that Binance’s listing procedure excludes third parties and that project listing suggestions are only accepted via a direct listing application website. In accordance with a blog post from last year, Binance does not charge these projects a fixed listing fee. According to Binance, the listing fee is worth:

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There is no fixed number. Just propose a number you are comfortable with. Show your willingness to contribute to social impact. Additionally, Binance Charity, an exchange-sponsored charity with blockchain tracking, receives 100% of the fees the exchange collects. As Bluebenx, a Brazilian cryptocurrency investment platform, recently experienced, listing scams appear to be on the rise.

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