OKX User Loses Over $2 Million in Stolen Funds as Sophisticated Deepfake AI Takes Advantage

A customer of the crypto exchange OKX has fallen victim to scammers who managed to steal $2 million worth of cryptocurrency assets. The scammers acquired the customer’s identity information through a Telegram data breach, using it to gain access to the customer’s OKX account. They then took control of the account by exploiting the “forgotten password” option. To further solidify their control, the scammers utilized a deepfake video of the victim to alter important security settings such as email ID, phone number, and Google authenticator settings. Within 24 hours of the incident being discovered, the customer’s account had lost over $2 million in various crypto assets. OKX has acknowledged the theft and is currently assisting the victim in recovering their account. The platform has also taken legal action against the scammers. This incident follows a previous attack on an OKX wallet where the victim lost 50,000 Trc-20 USDT, as well as a $430,000 exploit on OKX Dex. The use of deepfake videos in scams has raised concerns within the industry about the ethical implications of AI technology.