© 2023 CyberNews - Latest tech news,
product reviews, and analyses.

If you purchase via links on our site, we may receive affiliate commissions.

Hackers deepfaked top Binance executive to scam crypto projects

“I was not prepared for the onslaught of cyberattacks,” said Patrick Hillmann, Chief Communications Officer at Binance, who joined the company a year ago.

Hillmann says phishing attacks and scams regularly target the crypto community, and cybercriminals innovate to break through the most secure networks to get what they want.

“Over the past month, I’ve received several online messages thanking me for taking the time to meet with project teams regarding potential opportunities to list their assets on Binance.com. This was odd because I don’t have any oversight of or insight into Binance listings, nor had I met with any of these people before,” Hillmann said.

It turned out that cybercriminals used previous news interviews and TV appearances to create a deepfake of Hillmann.

Messages to Hillmann

“Other than the 15 pounds that I gained during COVID being noticeably absent, this deep fake was refined enough to fool several highly intelligent crypto community members,” Binance CCO explained.

What is more, lately, there’s been a spike in threat actors impersonating Binance employees and executives on platforms such as Twitter, LinkedIn, Telegram, and other social media platforms.


The good, the bad, and the ugly of deepfakes, explained

Report: number of deepfakes double every six months

Power of deepfakes: three times the world fell for dangerous fakes

Deepfakes are scary good at bypassing remote identification

Crypto fraud on the rise as consumers fall for fake celebrity endorsements

Subscribe to our newsletter

Leave a Reply

Your email address will not be published. Required fields are marked