‘Generated’ fake IDs claimed to pass crypto exchange KYC are selling for $15
TLDRA new AI service is reportedly selling fake IDs for $15, which claim to successfully pass KYC checks on various cryptocurrency exchanges. These AI-generated IDs, including driver's licenses and passports from 26 countries, could potentially aid scammers and hackers in evading identity verification processes. The service, which accepts multiple cryptocurrencies and offers metadata spoofing, has raised concerns about the reliability of video verification methods used by the industry.
Takeaways
- 🚨 AI-generated fake IDs are being sold for $15, claiming to pass KYC checks on cryptocurrency exchanges.
- 🌐 The service can generate fake driver's licenses and passports from 26 countries, including the US, Canada, UK, and several EU nations.
- 💳 These fake IDs are reportedly successful in fooling identity checks on multiple crypto exchanges.
- 💡 The process of creating a fake ID is quick, taking less than a minute, and involves the use of neural networks.
- 💬 Users on a Telegram channel have shared their success in using these fake IDs to bypass verification at various crypto exchanges and financial service providers.
- 🔒 The fake ID service could potentially aid crypto scammers and hackers by providing them with a means to protect their real identities.
- 📜 The 'Only Fake' site, which generates these IDs, claims it does not manufacture forged documents and that its templates are for entertainment purposes only.
- 📸 The site also offers metadata spoofing, allowing users to forge GPS location, date, time, and device information, which can be used to deceive identity verification services.
- 🔎 Industry executives are concerned about the effectiveness of video verification due to the rise of deepfake tools, which can be used to trick human operators.
- 🤔 The video host expresses skepticism about the service and chooses not to test it, advocating for following the rules and focusing on the decentralized aspects of crypto.
Q & A
What is the main topic of the article discussed in the video?
-The main topic is the existence of a service that generates fake IDs using AI, which are being sold for $15 and reportedly can pass KYC checks on cryptocurrency exchanges.
How does the AI-generated fake ID service work?
-The service uses artificial intelligence, neural networks, and generators to create realistic fake driver licenses and passports from 26 countries. It takes payment in cryptocurrencies and has reportedly succeeded in passing KYC checks on multiple crypto exchanges.
Which countries' IDs can be generated by the fake ID service?
-The service can generate fake driver licenses and passports from countries including the United States, Canada, Britain, Australia, and multiple European Union countries.
What cryptocurrencies does the fake ID service accept as payment?
-The service accepts multiple cryptocurrencies for payment, processed through Coinbase and commercial payment services.
How much does it cost to generate a fake ID using this service?
-It costs $15 per fake ID generated by the service.
What is the potential risk of using these fake IDs for KYC verification?
-Using these fake IDs could be a boon for crypto scammers and hackers, allowing them to open accounts and protect their real identities, making them more difficult to track.
How does the service claim to bypass KYC checks?
-The service claims that its generated IDs can bypass KYC checks on exchanges like Binance, Kraken, Bybit, Huobi, Coinbase, and OKX, as well as the crypto-accepting neobank Revolut.
What is the stance of the fake ID service regarding the legality of its actions?
-The service claims it does not manufacture forged documents, which is illegal, and states that its templates are for use in movies, TV shows, and web illustrations.
How does the service generate the fake documents?
-Users can upload their own photo or choose one randomly from a personal library of drops. The site uses a neural network to generate the fake documents.
What additional features does the fake ID service offer?
-The service also offers images of metadata spoofing, allowing users to forge GPS location, date, time, and device information, which some identity verification services check for authenticity.
What concerns do crypto industry executives have regarding the use of AI deepfake tools?
-Crypto industry executives are concerned about the effectiveness of video verification used in identity checks, as AI deepfake tools are becoming more sophisticated and could soon be convincing enough to trick human operators.
Outlines
🚨 AI-Generated Fake IDs Bypass Crypto Exchange KYC for $15
A new service using AI to create fake driver's licenses and passports has reportedly fooled KYC checks on multiple crypto exchanges for just $15 per ID. The service generates IDs from 26 countries, accepting payment in various cryptocurrencies. It has been tested and reported to successfully bypass KYC on exchanges like Binance, Kraken, and OKX. The service claims not to manufacture forged documents but provides templates for movies, TV shows, and web illustrations, thus covering its legal liabilities. The ease of generating fake IDs raises concerns about the security of identity checks in the crypto industry.
🔍 Concerns Over AI Deepfake Tools in Crypto Identity Verification
The video discusses concerns over the effectiveness of KYC checks in the crypto industry due to the rise of AI deepfake tools. It mentions an incident where an online black market was selling identities for as low as $8 to act as a verified face for fraudulent crypto projects. The video also highlights that major crypto exchanges have not yet responded to the news of AI-generated IDs bypassing their identity checks. The host of the video, the Crypto Sherpa, does not endorse or encourage the use of such services but presents the information as a news update for the audience.
Mindmap
Keywords
💡AI generated fake IDs
💡KYC (Know Your Customer)
💡Crypto exchanges
💡Deep fakes
💡Neural networks
💡OnlyFake
💡Crypto scammers and hackers
💡Decentralized
💡Telegram Channel
💡Metadata spoofing
Highlights
AI-generated fake IDs are being sold for $15, claiming to pass KYC checks on cryptocurrency exchanges.
The fake IDs are reportedly created using artificial intelligence and neural networks.
These IDs have allegedly succeeded in passing KYC checks on multiple cryptocurrency exchanges.
The service can generate fake driver licenses and passports from 26 countries.
Payment for the fake IDs is accepted in various cryptocurrencies.
A demonstration showed a fake British passport successfully bypassing KYC verification on a crypto exchange.
Users on a Telegram channel share their success in using the fake IDs to bypass verification.
The fake documents could be used by scammers and hackers to open accounts and protect their real identities.
The fake ID service claims it does not manufacture forged documents and is only for use in media and illustrations.
Generating a fake document on the site reportedly takes less than a minute.
The site offers images with metadata spoofing, including GPS location and device information.
Crypto hackers and scammers have used various methods to spoof information and gain access to exchanges.
The rise of deepfake tools has raised concerns about the effectiveness of video verification in KYC checks.
Binance's Chief Security Officer warned about scammers using deepfakes to trick human operators in KYC checks.
The article's author expresses skepticism about the legitimacy of the fake ID service and does not endorse its use.
The author suggests that readers should follow the rules and consider the decentralized side of cryptocurrency.