The $15 AI-generated fake IDs are reportedly being used to fool crypto exchange identity checks, potentially giving crypto hackers and scammers a new edge. A new service claiming to use artificial intelligence “neural networks” and “generators” to create fake driver licenses and passports has reportedly succeeded in passing Know Your Customer (KYC) checks on multiple…
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Key Points: In order to comply with regulations, KuCoin and Binance make KYC verification mandatory. Only a limited number of features, such as sell orders and withdrawals, are accessible to non-KYC users. On July 15, the new KYC registration for KuCoin goes into effect. KuCoin’s decision to enforce know-your-customer verification is in response to the…
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