AI-generated fake ID passes crypto exchange verification

Occurred: January-February 2024

A service claiming to use AI neural networks to create fake ID documents has reportedly succeeded in passing Know Your Customer (KYC) checks on several crypto exchanges. 

Underground service OnlyFake said it could instantly generate realistic fake identity documents such as driver’s licenses and passports from 26 countries, including the United States, Canada, Britain, Australia and multiple European Union countries for USD 15.

404 Media reported that it successfully bypassed the KYC verification of crypto exchange OKX using a photograph of a British passport one of its journalists generated with the site, where the ID appeared to be laid on a bedsheet as if a picture of it was taken. 

Cointelegraph said it had seen a Telegram channel where OnlyFake users were sharing their apparent success in using the IDs to bypass verification at various crypto exchanges and financial service providers, including Kraken, Bybit, Bitget, Huobi, and PayPal. 

System 🤖

Developer: OnlyFake
Country: Global
Sector: Professional/business services
Purpose: Generate fake identity documents
Technology: Deep learning; Machine learning; Neural network
Issue: Ethics/values
Transparency: Governance