Binance CEO issues a major warning about ai ‘Face Attescts’

Binance CEO Richard Teng has issued an important statement to address the rise in AI’s “face attacks.” According to the CEO, the hackers are cloning their faces from public photos to steal Crypto.

A rise in AI face attacks threats

The so-called AI-face attacks are a new threat to crypto users. Criminals use AI to mimic the user’s faces, trick Binance’s face recognition system, and attempt to gain unauthorized access to victims’ accounts.

This threat persists across devices beyond mobiles fueled by publicly available images and stolen hardware.

Scammers pull huge amounts of data from social media selfies, leaked IDs and even casual videos of victims. If you installed the Binance app with the device where you had your photos or videos stolen, then the risk skyrocket.

You can remotely explore your PC with saved Binance credentials, especially if it is paired with malware that records activity. This multi-angle approach makes face attack a global concern for crypto users.

AI-face attacks are one of the most overlooked risks in cryptography today. They are happening now, targeting public profiles and KYC systems.

Binance introduces safety measures

The Binance Security team has recognized the threat of new AI face attacks and said user security remains a priority. The team has begun analyzing attack patterns and analyzing blacklists of suspicious accounts linked to AI scams.

Also, ahead of the fraudster’s technology, we performed a system upgrade to improve facial validation to find AI-generated fakes. Additionally, the team emphasized that they launched user education through blogs, alerts and app notifications, ensuring that everyone was informed.

Users are encouraged to limit facial data sharing and ensure that their devices are well protected. You can enable 2FA and use strong passwords to protect your phone or laptop for strong protection.

Richard Teng’s recent disclosures underscore the need for users to remain vigilant against rising threats in the crypto space. Last week, the CEO warned members of the community about a new SMS spoofing scam.

Despite the growing threat to Binance users, the exchange is moving forward with expansion plans. Teng recently revealed plans to include an additional billion users who are trying to adopt cryptocurrency.