ProKYC: An AI Deepfake Tool That Enables Fraudsters to Easily Bypass Major Crypto Exchanges’ KYC Checks Like Binance, Bybit, and OKX – How It Works
Cato Networks has raised concerns about the ProKYC deepfake tool, which allows criminals to bypass KYC checks by creating fake identities and realistic videos for cryptocurrency exchanges. This advanced fraud technique has led to significant financial losses, highlighting the need for stronger security measures in financial institutions.
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