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AI's Dark Side: OnlyFake's $15 Toolkit for Crafting Cryptocurrency Heist-Ready Identitiesby@denystsvaig
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1,570 reads

AI's Dark Side: OnlyFake's $15 Toolkit for Crafting Cryptocurrency Heist-Ready Identities

by Denys TsvaigFebruary 7th, 2024
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OnlyFake, boasting elements of artificial intelligence, has successfully circumvented Know Your Customer (KYC) verifications on major cryptocurrency exchanges. For a mere $15, the platform enables the creation of convincingly realistic fake identity documents. The fact that such a service comes at a laughable cost of $15 raises serious concerns about the potential risks it poses to online security.

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In a shocking revelation, cybercriminals are now leveraging the services of OnlyFake, an AI-powered platform that crafts flawless counterfeit documents. With this innovative tool, criminals can forge passports and driver's licenses for any individual within a matter of minutes – even the elusive John Wick isn't safe from its grasp.


OnlyFake, boasting elements of artificial intelligence, has successfully circumvented Know Your Customer (KYC) verifications on major cryptocurrency exchanges, raising alarms in the cybersecurity community.


For a mere $15, the platform enables the creation of convincingly realistic fake identity documents, allowing malevolent actors to construct a virtual persona complete with "authentic" documentation, effortlessly passing authentication procedures on various cryptocurrency services.


Joseph Cox, a blockchain researcher, journalist, and co-founder of 404 Media, recently conducted a test, unveiling the platform's capability to generate highly convincing California state driver's licenses. These counterfeit IDs were enhanced with arbitrary names, biographical data, addresses, expiration dates, and even convincing signatures.

An image of the faked British passport reportedly submitted to OKX’s identity verification system. Source: 404 Media


Cox expressed his concern about the ease with which these fraudulent identity documents can be created and their apparent success in passing KYC checks, raising serious apprehensions about their potential utilization for money laundering and financial fraud.


404 Media asserts that the application of artificial intelligence technology has allowed the OnlyFake team to mass-produce realistically appearing forged identification for a mere $15.


Experts argue that this technological solution empowers wrongdoers to establish virtual identities, equip them with "credible" documents, and then effortlessly navigate through authorization and identification processes on various cryptocurrency platforms.


Remarkably, these fraudulent documents have successfully passed verifications on major cryptocurrency exchanges, including Binance, Kraken, Bybit, Huobi, Coinbase, and OKX. The fact that such a service comes at a laughable cost of $15 raises serious concerns about the potential risks it poses to online security.


As we grapple with the repercussions of AI-driven deception, it's crucial to remain vigilant in the face of evolving cyber threats. The ease with which these fake IDs navigate through stringent security checks serves as a stark reminder of the pressing need for heightened cybersecurity measures in the ever-evolving landscape of cyber warfare.


A fake Australian passport using the details of former U.S. president Donald Trump appearing laid out on some fabric. Source: Telegram

The post also states that 100 fake IDs can be generated simultaneously using Excel spreadsheet data.


In a related development, cybersecurity experts at Cybertrace recently unveiled the widespread distribution of a new deepfake featuring a generated image of Australian billionaire Andrew Forrest, promoting the Quantum AI platform for crypto trading.


These instances underscore the urgency for comprehensive strategies to combat the rising tide of AI-driven cyber threats.