💣 AI has learned to evade KYC on cryptocurrency exchanges

💣 AI has learned to evade KYC on cryptocurrency exchanges

A new tool called ProKYC generates fake documents and videos with non-existent identities. The link includes a video showing how ProKYC works against ByBit.

▶️ Developers claim their program is also capable of evading KYC on platforms such as Stripe and Revolut.

▶️ This system not only "verifies" the authenticity of new users with fake documents but also simulates facial recognition.

▶️ According to reports, the annual subscription costs 629 USD.

▶️ New term alert: NAF (New Account Fraud). According to AARP, this type of fraud led to losses of more than 5.3 billion USD in 2023.

Although biometric authentication systems are considered the most effective, they can generate many false positives. If not properly managed, criminals could exploit them more easily.

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