OKX User Falls Victim to Deepfake AI Scammers, Losing $2 Million

Fortune magazine recently published an article on February 6, 2024, shedding light on the rise of OnlyFake, an online platform with the ability to create remarkably authentic counterfeit identification documents. These fake IDs pose a significant threat to the know-your-customer (KYC) procedures implemented by cryptocurrency exchanges such as OKX. The report extensively explores the statements made by the website’s owner, who claims that these fabricated documents have the potential to successfully trick well-known payment platforms like PayPal, along with other platforms that mandate users to submit identification documents during the registration process.