29 February, 2024

OnlyFake’s Fake IDs Bypass OKX’s KYC Verification Procedures: Report

3 weeks ago

06 Feb, 2024

  • OnlyFake’s realistic fake IDs created using AI successfully bypassed KYC checks on crypto exchanges.
  • 404 Media reports that a fake British passport managed to bypass the KYC check on OKX.
  • Pseudonymous owner John Wick asserts that these fake IDs could bypass KYC verification on exchanges, including Binance and Coinbase

The advancing artificial intelligence (AI) technology has been creating a buzz among the public as it provides favorable circumstances for malpractices. In a recent revelation, 404 Media reported that OnlyFake, the controversial site using AI to create realistic fake IDs, has been successful in passing KYC checks on crypto exchanges.

As per 404 Media’s update, OnlyFake’s fake passport even managed to bypass the Know Your Customer (KYC) verification procedures on the crypto exchange OKX. The process involved using the image of a fake British passport lying on a bedsheet.

Reportedly, OnlyFake uses AI “neural networks” and “generators” to fabricate fake passports and driving licenses across 26 countries, including the United States, Canada, Australia, and Britain. The platform receives payment for their realistic works in multiple cryptocurrencies via Coinbase’s commercial payment service. In addition, various customers of OnlyFake have shared their successful experiences with their ID proofs.

John Wick, the pseudonymous owner of OnlyFake, asserted that the identification proofs they created could successfully bypass KYC verification at various platforms, including Binance, Bybit, Huobi, Kraken, Coinbase, and Coinbase. OnlyFake reportedly claimed that it creates up to 20,000 documents a day and “that hundreds of documents can be generated at once using data from an Excel table.”

An OKX spokesperson responded to the matter, asserting that the exchange does not accept or disregard the “fraudulent conduct.” The OKX team has initiated an investigation into the case. OKX cited,

We are committed to aggressively fighting fraudulent conduct on our platform and seeking the highest standards of compliance,” it added. “The abusive use of AI to conduct fraudulent activity is an evolving and industry-wide challenge which OKX is comprehensively addressing.

However, OnlyFake reiterated that they are not involved in manufacturing “forged documents as it is illegal.” Further, they added that their services are meant for movies, television shows, and web images. 


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