Under the guise of anonymity, a website named OnlyFake asserts it uses 'neural networks' to manufacture counterfeit driver’s licenses and passports from over 25 different countries, charging only $15. These documents have been clandestinely employed to flout Know Your Customer (KYC) measures at numerous crypto exchanges, stirring up concern over potential identity theft.
TLDR
- An obscure website called OnlyFake provides fake identification and passports from 26 countries, fabricated through 'neural networks' for just 15 bucks each.
- This shadow service has been effectively used to dodge KYC inspections at crypto exchanges such as OKX, Kraken, Bybit, among others.
- By generating strikingly lifelike ID images placed on ordinary backdrops like carpets or countertops, the service mimics authentication photographs. Even metadata isn’t beyond manipulation.
- The proprietor of OnlyFake boasts that an impressive multitude of counterfeit IDs can be created in one go using Excel data, signaling the decline of traditional Photoshopped documents.
- The availability of easily obtainable fake IDs stirs anxiety regarding the facilitation of identity deception and illegal financial maneuvers via cryptocurrencies and digital banks.
As unveiled by cyber defense journalist Joseph Cox , OnlyFake fabricates convincingly authentic ID images on commonplace surfaces such as fabric and countertops, replicating the verification imagery typically sought by online entities. Metadata is also adaptable to align with particulars such as GPS coordinates on the fake document.
The entire method is remarkably swift, taking mere moments, thereby allowing anyone to procure superior quality counterfeit IDs instantaneously compared to the painstaking manual crafting of paper documents.
As per the claim of OnlyFake’s overseer 'John Wick,' these IDs have indeed been utilized to clear verification gatekeepers at major crypto exchanges including OKX, Binance, Coinbase, Kraken, Bybit, and Huobi.
Cox himself managed to maneuver through OKX’s verification process using an artificial British passport image courtesy of OnlyFake, exposing a troubling vulnerability, especially in light of OKX’s involvement in high-profile legal disputes concerning largescale cryptocurrency scams.
The widespread emergence of these phony identity papers raises crucial flags about their potential misuse in illicit activities. Identity breaches could be gravely intensified, enhancing routes for money laundering, tax dodging, and regulatory evasion, notably through cryptocurrency avenues.
OnlyFake’s administrator boldly pitches these IDs as potent tools to pass KYC scans across various crypto venues and online banking channels, indirectly promoting misuse even amidst assertions of an anti-forgery stance.
AI-generated IDs stand to open rewarding breaches that could severely undermine the thoroughness efforts of financial institutions and crypto enterprises. With nearly undetectable fake credentials just one click away, it signals a challenging era for compliance norms.
As the replication finesse of AI identity documents sharpens, crypto exchanges and cross-border financial services must enhance their security regimes.
Embedding multi-factor authentication and behavioral checks, alongside vividness examinations and scrupulous scrutiny over funding origins, could be viable strategies to fend off the escalating threat posed by AI-conjured impostors.
For just $15 and a couple of minutes, achieving identities that seem authentic from practically any nationality is within easy reach.
