cryptoscams

Highly realistic AI-generated deepfake videos featuring Binance co-founders Changpeng "CZ" Zhao and Yi He have flooded Crypto Twitter (X) as of February 10, 2026. These videos are styled as dramatic "internal affairs" mini-series, portraying the executives in fictional corporate power struggles. 

Key Characteristics of the Deepfakes

Production Quality: The videos use sophisticated AI avatars that mimic the founders' real-world appearance, facial expressions, and emotional delivery.

Voice Accuracy: Voice cloning technology is utilized to provide lifelike dialogue, including versions of CZ speaking Mandarin with "scary" precision.

Content Themes: While many clips are presented as satire or entertainment rather than direct scams, they focus on imagined corporate tensions between Zhao and He. 

Context and Warnings

The proliferation of these "dramas" coincides with a massive surge in AI-driven impersonation in the crypto sector, which saw a 1,400% increase in 2025. 

Executive Response: Neither CZ nor Yi He has publicly commented specifically on this February 2026 "drama" series. However, CZ has previously warned that AI technology is becoming "extremely dangerous" and urged the community to remain vigilant against videos that blur reality.

Binance Security Concerns: Beyond entertainment, Binance's Chief Security Officer has warned that advanced deepfakes are increasingly used to attempt to bypass biometric KYC (Know Your Customer) verification by mimicking facial movements like blinking or head turning.

Historical Precedents: These 2026 deepfakes follow a history of similar attacks, including a 2022 incident where a "sophisticated hacking team" used old footage to create a deepfake hologram of Binance's former Chief Communications Officer, Patrick Hillmann, to trick projects into fake listing meetings. 

Safety Recommendations

Experts advise users to "slow down" and verify any content featuring prominent figures. Binance and its executives will never ask for private keys, seed phrases, or cryptocurrency transfers via unsolicited video or social media messages.
#Binance #Deepfake #CryptoScams #CZ #BinanceBitcoinSAFUFund

Seized Notebooks Revealed Sophisticated Scams
Hong Kong police uncovered a sophisticated fraud scheme that used artificial intelligence to deceive victims. The investigation led to the seizure of over HK$34 million (approximately USD 3.37 million). Notebooks confiscated by law enforcement revealed the criminals' methods, including the use of deepfake technology to appear more convincing.
How the Fraudsters Lured Their Victims
The fraudsters pretended to be wealthy single women, crafting stories about interests such as learning Japanese, playing golf, or tasting luxury wines worth over HK$100,000 (USD 12,850) per bottle. These methods were documented in the notebooks seized during the operation.
The investigation resulted in the arrest of 31 individuals connected to a criminal syndicate. This group used artificial intelligence to create realistic images of attractive women, which were then used to lure victims into romantic and investment scams.
The Problem of Deepfake Scams
Byron Boston, a former police officer and CEO of Crypto Track, warned that the combination of deepfake technology and social engineering presents significant challenges for investigators and law enforcement. AI-generated images make criminals more convincing and enable them to execute more complex scams.
Boston highlighted an incident from November 2022, where a fake video impersonating FTX founder Sam Bankman-Fried was used in a phishing attack targeting FTX users. This incident demonstrates how deepfake technologies can be exploited to steal cryptocurrency assets from victims.
Scams Targeting Young People
Confiscated materials revealed that the fraudsters specifically targeted young people seeking quick earnings. Victims were often convinced they were communicating with ideal women from Taiwan, Singapore, and Malaysia.
Challenges in Combating These Crimes
Boston emphasized that effective collaboration and swift action are key to fighting these sophisticated scams. However, he noted that many local law enforcement agencies, particularly in the U.S., lack the necessary tools and expertise to track stolen cryptocurrency or cooperate with international exchanges.
Criminals leveraging technologies like deepfake and social engineering remain a significant challenge for security forces worldwide.

#Deepfake , #CryptoFraud , #CryptoScams , #cybercrime , #CryptoNewss

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