Tech

Hackers are said to have scammed a Binance executive to carry out listing scams


The communications director said that the hacker used a his image in Zoom calls for scamming crypto executives. Patrick Hillmann claims hackers successfully tricked crypto project representatives into thinking he would get their token listed on Binance’s exchange.

In one Discovered Hillmann wrote that scammers created deepfakes based on his interviews and television appearances. Hillmann learned of the scam after receiving a text message thanking him for discussing the listing opportunity. However, he said that he did not meet any of those people and that he was not involved in the Binance listing process.

This deepfake was subtle enough to fool some very smart crypto community members, writes Hillmann. It is unclear how many crypto projects were affected by the scam or how much the people behind them may have paid for the promise of a listing on Binance. Binance does not have a specific listing fee figure. It requires projects they feel comfortable and donate the fee to charity.

Hillmann noted that Binance has strict cybersecurity rules in place. However, that won’t stop hackers from trying to impersonate their workers. “There has been a recent spike in hackers posing as Binance employees and executives on platforms like Twitter, LinkedIn, Telegram, etc,” writes Hillmann. Binance CEO Changpeng Zhao that there are about 7,000 purported corporate employee profiles on LinkedIn, but only about 50 are real.

This is not the first time criminals have impersonated executives with the help of technology. In 2019, a scammer Become the CEO of an unnamed company by using artificial intelligence to mimic the person’s voice. They asked the head of a subsidiary to transfer $243,000 to a supplier. Of course, that money never reached its intended destination.

Last year, someone by Russian opposition leader Alexei Navalny, chief of staff to trick politicians in the Netherlands into having a video call with them. Facebook a poignant speech by Ukrainian President Volodymyr Zelenskyy in March, shortly after Russia invaded his country.

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