Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express
OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express
Our weekly roundup of news from East Asia curates the industrys most important developments.
On June 11, Crypto LaLa, operations manager at Quant Matter, claimed that their account on crypto exchange OKX, worth $11 million at the time of the incident, was drained by hackers within 25 minutes with allegedly no email or two-factor authentication warnings.
“I couldn’t believe my eyes,” wrote Crypto Lala. “I have many years of extensive experience in the cryptocurrency space, and this was the first time I had personally seen my assets being stolen. To this day, I still can’t believe that all the money in my OKX account was stolen. My hands are still shaking, and I am extremely angry, frustrated, and sad.”
OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express
Our weekly roundup of news from East Asia curates the industrys most important developments.On June 11, Crypto LaLa, operations manager at Quant Matter, claimed that their account on crypto exchange OKX, worth $11 million at the time of the incident, was drained by hackers within 25 minutes with allegedly no email or two-factor authentication warnings.“I couldn’t believe my eyes,” wrote Crypto Lala. “I have many years of extensive experience in the cryptocurrency space, and this was the first time I had personally seen my assets being stolen. To this day, I still can’t believe that all the money in my OKX account was stolen. My hands are still shaking, and I am extremely angry, frustrated, and sad.”Read more