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https://www.productionai.institute/graph/entities/aiid-cryptocurrency-exchanges

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Production AI Institute public record · cryptocurrency-exchanges · observed 2024-10-12
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cryptocurrency-exchanges

cryptocurrency-exchanges - organisation named in the AI Incident Database harm index.

Confidence
70%
Sources
5
Events
2
Observed
observed 654d ago
cryptocurrency-exchanges

What changed

Cato CTRL security researchers reported that the cybercriminal group ProKYC is selling a deepfake tool capable of bypassing biometric and two-factor authentication (2FA) systems on cryptocurrency exchanges. The tool creates synthetic identities using AI-generated videos and forged documents, enabling fraudulent account creation. A demo video from ProKYC shows the tool in action against ByBit, allowing attackers to verify fake accounts for purposes such as money laundering an…

  • Cato CTRL Threat Research: ProKYC Selling Deepfake Tool for Account Fraud Attackshttps://www.catonetworks.com/blog/prokyc-selling-deepfake-tool-for-account-fraud-attacks/
  • AI Incident Database - Incident 819https://incidentdatabase.ai/cite/819/

Timeline

  1. 12 Oct 2024ProKYC Tool Allegedly Facilitates Deepfake-Based Account Fraud on Cryptocurrency Exchanges
    Incident78%
    • Cato CTRL Threat Research: ProKYC Selling Deepfake Tool for Account Fraud Attackshttps://www.catonetworks.com/blog/prokyc-selling-deepfake-tool-for-account-fraud-attacks/
    • AI Incident Database - Incident 819https://incidentdatabase.ai/cite/819/
  2. 29 Feb 2024Alleged State-Sponsored Hackers Escalate Purported Phishing Attacks Using Artificial Intelligence
    Incident82%
    • North Korean hackers use AI for more sophisticated scamshttps://www.ft.com/content/728611e8-dce2-449d-bb65-cff11ac2a5bb
    • ChatGPT Used by North Korean Hackers to Scam LinkedIn Usershttps://tech.co/news/chatgpt-north-korea-linkedin-scams
    • AI Incident Database - Incident 644https://incidentdatabase.ai/cite/644/

PSF mapping

No PSF domains are mapped to this entity in the current public record.

Source trail (5)

secondary · checked 9 July 2026

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secondary · checked 9 July 2026

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secondary · checked 12 Oct 2024

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secondary · checked 28 Feb 2024

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secondary · checked 22 Feb 2024

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"cryptocurrency-exchanges." https://www.productionai.institute/graph/entities/aiid-cryptocurrency-exchanges (observed 2024-10-12; retrieved 2026-07-28). PAI.

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