OKX AI Face Swap Scandal: KYC Hacked, Over £2 Million Stolen! What Really Happened?

AI Scams are on the Rise: OKX Cryptocurrency Exchange Recently Experienced Hackers Using AI to Forge Fake Documents and Generate Fake Profile Videos, Successfully Stealing a User’s Account and Ultimately Walking Away with $2 Million in Assets. OKX Responds That the Case is Currently in the Judicial Process and the Progress of the Incident Cannot Be Disclosed at This Time.
(Previous Summary: Complaining About Slow Response from Binance, Millions of Assets Disappeared! How Dangerous is the Malicious Chrome Extension Aggregator? Binance’s Public Response)
(Background Supplement: AI Cracks KYC! Generates Fake Documents to Trick Multiple Cryptocurrency Exchanges, Costing Only $15 in Cryptocurrency)
Table of Contents:
AI Generates Fake Documents and Profile Pictures to Bypass Risk Controls
Demand for Full Compensation from OKX
OKX Official Response
AI Continues to Break Through KYC
A Chinese User of OKX Recently Shared a Lengthy Post
Tears and Complaints: A hacker purchased his leaked personal information, logged into his email, and reset the password, then successfully bypassed OKX’s review using AI-generated fake identification and fake profile videos, allowing him to change his phone number, email, and Google Authenticator. As a result, his OKX account lost over $2 million in assets.
The affected user, known as “Lairifangchang,” revealed that he was hacked on May 3rd. After he reported the incident to the police, he saw someone very similar to him in the police officer’s phone, holding a fake ID card in front of the camera and saying, “I am Wu Suohan, ID number 4222…”. He questioned how this could bypass OKX’s risk control system.
Lairifangchang stated that the police are currently investigating and have obtained some clues. Through big data comparison in the police system, they have preliminarily identified the real information of two counterfeiters and are preparing to arrest them. However, it is highly likely that these two are just pawns, and there are definitely other thieves who have not revealed themselves.
Lastly, Lairifangchang affirmed that OKX has already established a special project team and urged them to conduct internal investigations to ensure that there are no issues with the platform’s employees. They should also quickly fix the vulnerabilities to ensure the security of other users’ assets. Additionally, they should actively communicate with the police and establish a working group to track down the culprits.
The user also appealed for OKX to have the courage to take responsibility and compensate him for his full loss.
Regarding this incident, OKX’s official Twitter account responded last night, acknowledging the appearance of information on the internet about “OKX platform user accounts being hacked.” They stated that they have been following up and assisting the relevant parties in handling the situation since the moment the incident occurred. Currently, it is in the judicial process, and according to the request, the progress of the incident cannot be disclosed at this time.
In fact, according to a previous report by Dong Qu, using AI to forge documents and crack KYC has long been an urgent issue to be resolved. A website called OnlyFake allows users to quickly generate realistic fake driver’s licenses or passports using AI technology, successfully bypassing KYC in multiple mainstream cryptocurrency exchanges. The price is only $15. Users are reminded to be cautious of this new type of theft method.
Further reading:
AI Cracks KYC! Generates Fake Documents to Trick Multiple Cryptocurrency Exchanges, Costing Only $15


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