tl;dr

A new tool called OnlyFakes has been discovered, allowing users to generate fake IDs to bypass KYC checks with relative ease. Despite claiming to be against illegal activity and only intended for use as props in films, evidence suggests that the platform is being used to pass KYC checks. The tool ca...

html OnlyFakes: The New Tool for Bypassing KYC Checks

New tool named OnlyFakes generates fake IDs to bypass KYC checks

A new tool called OnlyFakes has been discovered, allowing users to generate fake IDs to bypass KYC checks with relative ease. Despite claiming to be against illegal activity and only intended for use as props in films, evidence suggests that the platform is being used to pass KYC checks. The tool can generate fake documents in large batches and provides access to documents from low-risk countries. However, there are doubts about the platform's claim of using AI to produce the images.

ONLYFAKES CLAIMS TO BE AGAINST ILLEGAL ACTIVITY

According to the website, its services may only be used as props in films and so on, “expressly forbidding” the use of the platform in order to pass KYC checks. Not long after the article exposing the website was published, the site’s founder – who goes by the nom-de-guerre John Wick – “reminded” his community of this stipulation. However, feedback posted on associated telegram groups suggests that the owner of the platform is well aware of what it is being used for. John Wick also stated on Telegram that he is open to buying scans of real IDs from users for $100 each in order to improve the platform, prioritizing US and EU IDs.

REMARKABLY ROBUST

The new tool, however, can reliably provide access to a swath of fake documents from low-risk countries. Users can upload their own pictures or choose from a gallery provided by the site. OnlyFakes also removes the EXIF data – which includes the time, location, and device used to create the image – of the original photos and replaces them to help avoid detection. According to users of the service, platforms like Airbnb, Revolut, Wise, and Payoneer have all been convinced of the document’s authenticity. Crypto exchanges Huobi, Coinbase, Binance, Kraken, and OKX have also been allegedly breached using these fake documents.

AI CLAIM MAY BE FALSE

According to the OnlyFakes platform, AI is used to produce the images. However, this claim is disputed by cybersecurity experts since AI currently has the tendency to mess up text that should be absolutely crisp and unambiguous on documents. The images produced are also remarkably clear of any sign of “hallucinations,” artifacts that appear when an AI is unsure of how to render an unknown object.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 19 Sep 24
 19 Sep 24
 19 Sep 24