The deepfake tool OnlyFake can generate fake passports for just $15 and claims to have passed KYC checks at multiple exchanges.
The fake ID generating website OnlyFake not only provides quick service, generating fake driver's licenses in less than a minute, but also charges only $15. It is claimed to have successfully passed KYC verification at multiple exchanges.
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OnlyFake Successfully Scams Exchange KYC
According to a report by 404 Media, the fake ID service OnlyFake claims to use AI-based neural networks and generators to produce fake driver's licenses and passports, and has successfully passed KYC verifications at multiple exchanges, with a cost as low as $15.
OnlyFake supports data forgery services for up to 26 countries, including the United States, Canada, the United Kingdom, Australia, and several EU countries, and accepts payments through Coinbase using various cryptocurrencies.
The report indicates that a UK passport generated by OnlyFake successfully bypassed OKX's KYC verification, with the passport photo taken on a bedsheet, mimicking the common user's photography style as shown in the image below.
OnlyFake Generates in One Minute, Can Forge Metadata
Foreign media outlet Cointelegraph also observed on Telegram that OnlyFake users shared their achievements in bypassing KYC at major exchanges, including Kraken, Bybit, Bitget, Huobi, and PayPal using fake IDs.
It is understood that generating fake IDs on the website takes less than a minute, and an Excel spreadsheet can generate up to 100 fake IDs simultaneously. Additionally, OnlyFake also forges GPS location, date, time, and device details like mobile phones, computers, in the metadata of image files.
The owner of the fake names at OnlyFake, "John Wick," revealed to 404 Media that besides the mentioned exchanges, these fake IDs can also pass scrutiny at Coinbase and crypto-friendly bank Revolut.
OKX Spokesperson: Actively Investigating the Report
A spokesperson for OKX told Cointelegraph that OKX denies any allegations or implications of condoning fraudulent activities, and is collaborating with internal and external parties to investigate the report. The spokesperson stated:
The abuse of AI technology for fraudulent activities is an ongoing industry challenge, and OKX is working diligently to address this issue.
Cointelegraph claims that besides OKX, all other exchanges have yet to respond to this report.