OKX Security Breached by Deepfake Video, $2 Million in User Assets Stolen
CryptoNewsTerminal Staff04 Jun, 2024
OKX Security Breached by Deepfake Video, $2 Million in User Assets Stolen
OKX, a major Chinese cryptocurrency exchange, has been breached by hackers using a deepfake video to bypass account security measures, resulting in the theft of $2 million worth of user assets. The incident, reported by blockchain media outlet Ublockchain, highlights the increasing sophistication of cybercriminals and the need for robust security measures in the cryptocurrency industry. According to the victim, the hackers obtained his personal information on Telegram and used it to access his OKX account. To change the password, they allegedly used an AI-generated deepfake video to bypass facial recognition authentication. Despite having enabled Google 2FA two-factor authentication, the victim's account was compromised, leading to the loss of his cryptocurrency assets. OKX has acknowledged the incident and is working with partners to resolve the issue. The exchange has advised users to remain vigilant against phishing attacks and to use strong and unique passwords. The incident serves as a reminder of the importance of cybersecurity and the need for cryptocurrency exchanges to invest in robust security measures to protect user assets. ```
