AI Breaks The KYC Barriers Of Exchanges
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min read ▪ by
Innovations in artificial intelligence continue to astonish, but not all serve noble intentions. This October, the cybersecurity company Cato Networks reveals an AI tool named ProKYC, designed to bypass KYC (Know Your Customer) security measures in cryptocurrency exchanges. This tool opens the door to new forms of fraud, at the expense of platforms and users. While this phenomenon remains difficult to detect, it could transform how crypto exchanges approach security.
ProKYC: when AI creates virtual identities in a few clicks
The crypto market has always attracted…
