Identity checks on crypto exchanges at risk as AI deepfakes evolve

Do not send people coins even if they send you a video,” Zhao wrote.This is quite frightening from a video confirmation viewpoint. Dont send individuals coins even if they send you a video … ♂ https://t.co/jvjZGHihku— CZ Binance (@cz_binance) August 9, 2023

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Do not send out people coins even if they send you a video,” Zhao wrote.This is quite scary from a video verification viewpoint. Dont send out people coins even if they send you a video … ♂ https://t.co/jvjZGHihku— CZ Binance (@cz_binance) August 9, 2023

Like many other crypto exchanges, Binances internal Know Your Customer (KYC) processes need crypto financiers to send video evidence for processing certain deals. Binance needs video evidence of the user for certain withdrawal of funds. Source: BinanceBinance CEO referred to an AI-generated video featuring HeyGen co-founder and CEO Joshua Xu. The video particularly included Xus AI-generated avatar, which looks similar to the genuine HeyGen CEO and replicates his facial expressions as well as voice and speech patterns.”Both of these video were 100% AI-generated, including my own avatar and voice clone,” Xu noted. He included that HeyGen has actually been progressing with some massive enhancements to its life-style avatars video quality and voice technology to imitate his distinct accent and speech patterns.”This will be quickly released to production and everybody can try it out,” Xu added.Once readily available to the general public, the AI tool will enable anybody to develop a real life-like digital avatar in simply “two minutes,” the HeyGen CEO said.The public exposure to AI generation tools like HeyGen might potentially cause serious identity verification issues for cryptocurrency exchanges like Binance. Like lots of other exchanges, Binance practices KYC measures involving a requirement to send out a video featuring the user and particular files to get access to services and even to withdraw funds from the platform.Related: AI points out skyrocket in significant tech business Q2 callsBinances declaration video particularly needs users to submit the video in addition to the picture of their identity file, such an ID card, motorists license or passport. The policy needs users to mention the date and specific demands on the video record. “Please do not put watermarks on your videos and do not edit your videos,” the policy reads.Binance chief security officer Jimmy Su previously cautioned about AI deepfake-associated threats. In late May, Su argued that AI tech is getting so innovative that AI deepfakes may soon become undetected by a human verifier.Binance and HeyGen did not immediately react to Cointelegraphs ask for remark. This article will be upgraded pending new information.Magazine: AI Eye: AIs trained on AI content go MAD, is Threads a loss leader for AI data?

“Please do not put watermarks on your videos and do not edit your videos,” the policy reads.Binance chief security officer Jimmy Su previously alerted about AI deepfake-associated risks.