Binance CCO Patrick Hillmann deepfake impersonation

Occurred: August 2022

A Binance cryptocurrency exchange employee claimed that a 'sophisticated hacking team' manipulated video footage of his past TV appearances to make an 'AI hologram' of him to make people think he was helping them get listed on the exchange. 

According to Patrick Hillmann, the AI hologram was able to fool representatives of several cryptocurrency projects in Zoom calls into believing that they were being considered for listing on Binance.

The listing scheme was discovered when crypto project members contacted Hillmann to thank him for his help in the alleged listing opportunities.

 However, he had no knowledge of these meetings because he is not part of the listing process at Binance, he wrote. 

Operator: Anonymous/pseudonymous
Developer: Unclear/unknown

Country: USA

Sector: Banking/financial services

Purpose: Defraud

Technology: Deepfake - video; Generative adversarial network (GAN); Neural network; Deep learning; Machine learning
Issue: Security; Ethics

Transparency: Governance; Privacy

Investigations, assessments, audits 🧐

Page info
Type: Incident
Published: December 2022