GCD AI RADAR
incidents/AIR-2025-0133

AI-Generated Identities Used to Defraud FTX Claims Buyers

AI-enabled attack4 Confirmed real-world lossDeepfake fraud

Fraudsters utilized AI-based face modification and deepfake visuals during video calls to impersonate FTX claimants. The scheme successfully defrauded two companies of millions of dollars.

Details

type
AI-enabled attack
Attackers used AI as a meaningful part of a cyberattack against someone else.
categories
  • Deepfake fraud
    Synthetic voice, video or images used to impersonate people for fraud, extortion or access.
owasp llm top 10
no entry for these categories
mitre atlas
Both rows are derived from the type and categories (OWASP 2025 edition, ATLAS release 2026.09), not classified per record. How
severity
4 · Confirmed real-world loss
Financial loss, PHI/PII breach, safety impact or regulatory action.
targets
Enterprise deployment
incident date
18 Feb 2025
first reported
18 Feb 2025
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.95 · published at or above 0.80; see the methodology
tags
deepfake · financial_fraud · impersonation
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2025-02-18
    Alleged Use of Purported AI-Generated Identities to Defraud FTX Claims Buyers of $5.6M
    AI Incident Database · incidentdatabase.ai/cite/1067

Titles and links belong to their publishers. The summary above is written by GCD AI RADAR in its own words; data is CC BY-SA 4.0.

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