News in Brief

Scammers Use Deepfake AI Hologram

Patrick Hillmann, Chief Communications Officer of cryptocurrency exchange Binance, confirmed that scammers used his Deepfake AI hologram to trick users into online meetings and target the projects of clients of the company.

Hillmann explained in a blog post that the attack was orchestrated by a ‘sophisticated hacking team’ that used video footage of interviews and TV appearances to create the deepfake hologram video.

‘It turns out that a sophisticated hacking team used previous news interviews and TV appearances over the years to create a ‘deep fake’ of me,’ he said.

Hillmann added that he received several online messages thanking him for the time spent in meetings with project teams regarding potential opportunities to list their assets on Binance.com. However, Hillmann clarified that he has no insight or oversight into Binance listings, and had never met with project teams before.