Binance told how AI can bypass verification on the exchange
Date: 2023-08-10 Author: Karina Ziganova Categories: BLOCKCHAIN, BUSINESS
Changpeng Zhao, head of the Binance cryptocurrency exchange, raised the alarm that attackers could use artificial intelligence (AI) to bypass verification on the platform.
Zhao referred to an AI-generated video clip of Joshua Xuyi, co-founder and CEO of video platform HeyGen. The video included an AI-generated avatar of Shuya that looks exactly like the real head of HeyGen and reproduces his facial expressions and voice.
“Both of these videos were 100% AI generated, with my own avatar and voice clone,” Xu said.
The soon-to-be-available AI tool will allow anyone to create a real-life digital avatar in just "two minutes," according to the head of HeyGen.
What are Zhao's concerns about?
Like many other exchanges, Binance enforces KYC measures, including the requirement to send a user picture video and certain documents in order to access services or even withdraw funds from the platform.
With the development of AI tools, in particular deepfakes, scammers will be able to bypass the video verification procedure on many exchanges.
“It's pretty scary in terms of video verification. Do not send tokens to people, even if they send you a video,” Zhao warned.
Artificial intelligence helps catch hackers
Despite Zhao's concerns, some crypto market participants have begun to use AI technology. For example, analytics company Elliptic has implemented artificial intelligence to improve the accuracy and speed of identifying new risks.
Elliptic has implemented the ChatGPT chatbot into its offline analytics and research operations. This will enable the firm to tackle new risk factors "in greater volume and at a faster rate than ever before." However, at the same time, the company has introduced certain restrictions on the use of AI and does not plan to resort to ChatGPT plugins.
