Report: AI deepfake technology used in FTX debt fraud has caused losses of at least 5.6 million dollars

ChainCatcher news, according to CoinDesk, data analytics company Inca Digital released an investigation report stating that one or more scammers used AI deepfake technology to hide their identities during video calls, successfully defrauding at least $5.6 million by selling fake FTX bankruptcy claims.

It is reported that the scammers presented real claim data and forged proof of address in Singapore, with the victims including at least two unnamed companies. Inca Digital CEO Adam Zarazinski stated that the involved funds have been laundered through non-U.S. exchanges, including Binance.