THE DAILY ENCRYPT

October 3, 2022

Deepfake of Binance CCO Patrick Hillmann Used by Hackers For Crypto Exchange Scams

In a series video calls with representatives from cryptocurrency projects, a group of hackers impersonated Patrick Hillmann...
black and white lenovo laptop
Photo by Vadim Artyukhin

In a series video calls with representatives from cryptocurrency projects, a group of hackers impersonated Patrick Hillmann, Binance’s chief communications officer (CCO). Hillman said that the attackers used an AI hologram to fool representatives of cryptocurrency projects. This was a deepfake version of Hillmann’s image.

Hackers and scammers are improving their techniques by adding more technology to their schemes. Patrick Hillmann (CCO Binance) reported last Wednesday on a new and more sophisticated way attackers used his image for a listing fraud operation.

Hillmann claimed that hackers had programmed an AI (artificial Intelligence) hologram of Hillmann, which was used to deceive Zoom call representatives. These projects were fooled by the hologram and believed that they were being considered to list on Binance. Hillmann was also part of this operation.

Related Articles:  Binance Pushes Further Overseas and Set's up Base in New Zealand

Hillmann was contacted by these members to inform him of the listing scheme and to express their gratitude. He was not aware of these meetings as he is not part the Binance listing process.

Hillmann didn’t disclose the details of which cryptocurrency projects were targeted or the amount of funds that were invested to support the alleged listing services.

CCO Binance also warned about an increase in impersonation scams on social media platforms across the internet. Hillmann spoke out about this:

This latest incident is not the only one. There has been an increase in hackers pretending they are Binance executives and employees on platforms like Telegram, LinkedIn, Telegram, and Twitter. We will defend our users as well as our ecosystem.

Related Articles:  Fed's Jerome Powell and ECB's Christine Lagarde Call For More Regulation

Hillmann clarified that Binance’s listing process does NOT include third parties. Project listing requests are only accepted via a direct listing application page. A blog post published last years states that Binance does NOT charge a fixed listing fee for these projects. Binance provides the following information about the listing fee:

There is no set number. You can choose a number that you feel comfortable with. Demonstrate your willingness to make a difference in the world.

Binance Charity is a cryptocurrency-tracked charity that receives all fees from the exchange. Listing scams are becoming more frequent, as Bluebenx (a Brazilian crypto investment platform) was also a victim this type of scam.

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Latest News
PRESS RELEASES