The emergence of AI-generated fake identities is shaking up the crypto exchange industry. A new service, OnlyFake, is creating realistic identities for as little as $15, successfully bypassing Know Your Customer (KYC) checks. This development not only poses a significant threat to financial security but also indicates a shift towards more stringent identity verification processes. The ease and efficiency of these fake identities hint at a broader impact on cybercrime and the urgent need for advanced countermeasures.
