GCD AI RADAR
incidents/AIR-2024-0039

ProKYC Tool Used for Deepfake-Based Bypass of Crypto KYC Controls

AI-enabled attack3 Confirmed exploitationDeepfake fraud

Security researchers discovered that the ProKYC group sells a deepfake tool capable of bypassing biometric and two-factor authentication systems on cryptocurrency exchanges. The tool generates synthetic identities and videos to create fraudulent accounts for money laundering.

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
3 · Confirmed exploitation
Used against real targets; limited or unclear impact.
targets
Framework / tooling
products
ProKYC, ByBit
incident date
9 Oct 2024
first reported
9 Oct 2024
origin
AI Incident Database
Derived from the AI Incident Database (CC BY-SA 4.0).
classifier confidence
0.90 · published at or above 0.80; see the methodology
tags
deepfake · kyc-bypass · cryptocurrency · fraud
record
created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z · json

Sources · 1

  1. 2024-10-09
    ProKYC Tool Allegedly Facilitates Deepfake-Based Account Fraud on Cryptocurrency Exchanges
    AI Incident Database · incidentdatabase.ai/cite/819

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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