South Korea's biggest exchange fights deepfake fraud wave
The post South Korea's biggest exchange fights deepfake fraud wave appeared on BitcoinEthereumNews.com. Bithumb, South Korea’s largest cryptocurrency exchange by trading volume, put out an anti-phishing guide on May 14. The warning centers on AI-powered voice and video scams targeting people who hold digital assets. The campaign goes by “Voice Phishing Complete Guide.” It’s part of the exchange’s Information Protection Day push. Focus is on deepfake and deepvoice fraud, where criminals use artificial intelligence to copy the voices and faces of family members, exchange staff, or government officials during live calls, according to DigitalToday. AI-assisted fraud aimed at crypto investors has gotten more sophisticated over the past year. In one case cited by both DigitalToday and The Crypto Times, someone in Hong Kong got tricked by an AI-generated video conference and lost about 40 billion won. That’s equivalent to around $29 million. Fraudsters impersonate support staff and relatives