Security Scams

OKX Trader Reports $11 Million Theft via Deepfake AI Scam

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OKX deepfake AI scam

Posted By  Connie Walker
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OKX Trader Alleges $11 Million Loss Due to Deepfake AI Scam

Introduction

Crypto LaLa, operations manager at Quant Matter, claims their OKX account was drained of $11 million in 25 minutes due to a deepfake AI scam, with no alerts from the platform.


Summary of facts
After we complete our TLDR summary of this article, we trigger an AI to check what our author wrote against what is factually mentioned in the article. The we ask it to score the  AI's confidence that this 'fact' is indeed 'true'. 

Fact Truthfulness Score
Crypto LaLa lost $11 million from their OKX account. 10
The hack occurred within 25 minutes without email or two-factor authentication warnings. 9
Star Xu, OKX founder, claims a "coin-stealing hacking gang" used deepfake AI. 9
The scam bypassed facial recognition software. 9
The case is ongoing with communication records misleading victims. 8

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Breakdown of the Timeline for this alleged scam:

On June 11, Crypto LaLa discovered their OKX account was hacked, resulting in the theft of $11 million within 25 minutes. The hackers used deepfake AI to bypass security measures, leading to the unauthorized withdrawals.

Legal Implications:
This case highlights the increasing sophistication of cybercriminals using deepfake AI technology to commit financial crimes. It underscores the need for enhanced security measures and regulatory frameworks to protect investors.
Summary:

Crypto LaLa, an operations manager at Quant Matter, claims their OKX account was drained of $11 million in 25 minutes due to a deepfake AI scam. OKX founder Star Xu states that the hackers used AI to bypass facial recognition software. The case is ongoing.

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Entity Related Search Terms
Crypto LaLa Quant Matter, OKX account hack
Star Xu OKX founder, coin-stealing hacking gang
OKX Cryptocurrency exchange, deepfake AI scam
Reference Source: [1] https://cointelegraph.com/magazine/okx-11m-deepfake-ai-zipmex-sec-microvisionchain-grants-asia-express/

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