🚨 Deepfake Scam's On Binance

Gm, this is the doodhwala, the crypto newsletter that makes fun of EVERYONE! 😎

No one is safe from us. No, not even us. (Kings of self-deprecating humour after all ) 🥲

Here’s the bad jokes for today:

• 😬 Deep Fake: Binance can’t seem to catch a break

• 💔 Stay Single: SBF’s ex-GF is giving a whole lotta trouble

• 📈 Unicorn overload: 1 million MAUs

• 🛠️ Resourcewala: Poker strategies for crypto work?

• 🍼 Japan Gets Strict: Crypto seems to be in a bit of a trouble

  

🚨 Binance Deep fake Scam

Binance.

The crypto exchange that’s famous for being infamous. 🤷‍♂️

So, obviously, another scam is up in Binance.

I know you guys are bored af from scams but this one is the real deal.

We're calling this one the "Binance Deep fake Scam”.

It's a sneaky scheme where the baddies use deep fake tech to swindle KYC (Know Your Customer) checks on Binance.

Deep fake Billie Eilish 👇

Really, wtf is Deepfake?

Picture this: You're scrolling through your Insta feed, and suddenly, you see a video of yourself skiing in the Swiss Alps. 😅

Nice! But wait... you've never been skiing in your life, let alone visited Switzerland. What the what?! 😲

Welcome to the weird and wild world of deep fakes, my friends.

In a nutshell, deepfakes are digital doppelgangers, created using some brainy AI tools.

So, here's how it goes down 👇

These guys make their move on:

• The Internet (remember that innocent beach selfie? Yeah, that one!)

• Deepfake Tools

These tools are so smart they can take an innocent picture of you (or anyone else) and morph it into a hyper-realistic video that can sing, dance, or even ski in the Swiss Alps. 🏔️🎿

So, this is exactly what they do → cook up deep fake videos using YOUR photos.

Like this 👇

And they concoct deep fake videos so real that they can respond to real-time voice instructions.

You know, the ones that check if you're a real person. 😅

These deep fakes are more convincing than your dad's claims of walking 10 miles to school.

Those videos can blink an eye on command.

If asked to look left or right, it’s like, "Sure, no problem!" 😎

And here I am, can't even get my doodh on time... 😫

After they've charmed the KYC with your deep fake video, it's party time on your Binance account.

💰 Tiny deposits turn into king-sized withdrawals

💰 Your hard-earned balance becomes → Their fun money.

And just like that, your digital wallet is emptier than my fridge on a Sunday night. 🥲

Even a doodhwala wouldn't milk his cow this dry! 🥴

Now you might be wondering…

Is anyone really getting duped by these deep fake shenanigans? 🤔

Yep, you bet. More than you'd like to imagine.

Remember that sophisticated hacking team that created a deep fake version of Binance’s chief communications officer, Patrick Hillmann?

The fake Patrick (I mean who’s in the video) was able to talk to different clients and fool them.

But one question that’s coming to my mind → why does all this shit happen to Binance only? 😂

Well, you can find some answers here (I promise they’ll be boring af but you’d still love reading ‘em).

Doodhwala’s Take: This scam's as slippery as a doodhwala delivering milk on a rainy day in Banglore! 🥛🌧️

People aren't just losing money; they're losing their sense of security. 😟

They might need a tech whiz kid more than a cop right now. 😅

👫 Why You Should Stay Single

Hey doodh,

Are you in a relationship or looking to get into one?

Here’s a pro tip, 💡

Just make sure you don’t discuss the imminent collapse of your crypto exchange with your partner.

Coz there’s a good chance they’re gonna spill the ☕ once you breakup with them.

What’s the 🌶️-cy story?

Caroline Ellison,

Ex-Girlfriend of Scam…ehm… Sam Bankman Fried, and former CEO of Alameda Research,

Has handed over her Personal Diary to the ongoing trial of his arrest. (Man’s bout to spend his whole life in prison)

Not sure about her involvement in FTX and Alameda…

But we surely do know that those glasses can detect lightning strikes. 👇⚡

Apparently, ☝️ this girl’s diary is a key piece of evidence that can help in solving the FTX case of misappropriating customer funds.

Not only that, prosecutors are also in possession of her ‘electronic documents’ where she’s expressed her-

👉 Professional & Personal Resentment against Sam 🙅‍♂️

👉 Handwritten observations about operations 📝

👉 Sweaty 3 AM texts 🥵

Why now? 🤔

It’s a normal question, why reveal 💩 about your Ex-boyfriend?

Especially when you’re in deep waters when it comes to allegations as well?

Simple.

It’s this amazing concept called - FEAR.

You see before Caroline agreed to testify and cooperate with the authorities…

She was facing up to 110 years in prison! 🤯

So, naturally, she believes that cooperating will bring her long prison term down. ⏬

However, prosecutors don’t exactly think that will be all that useful. 👎

One prosecutor indicated that the jury isn’t dumb.

They can understand that she’s trying loopholes to escape her term. 💀

What else is being used as evidence for SBFs trial?

According to a 🥛Doodh verified source,

The mountain of evidence for this trial ranks among the largest ever collected in a white-collar securities fraud case in Manhattan. 😱

There now exists almost 6 million pages of evidence, including the texts and diary of Caroline Ellison. (Maybe that’s 5.99 million of it hehe)

However, there’s one thing that could be the best evidence – were they subscribed to Doodhwala?

Doodhwala’s take:

Don’t tell your partner about your cryptocurrency exchange, especially if you plan on staying in a happy and healthy relationship. 🤷‍♂️

📈 Cheese and Charts: 1 million unicorns

Uniswap.

It’s that decentralized exchange that is named after a unicorn 🦄 swapping a cryptocurrency. For the record, I’ve never seen a unicorn swapping anything, let alone a digital coin.

But anyway, Uniswap is this 🤏 close to 1 million monthly active users (MAUs). 🚀

This means there are almost 1 million users:

• going to Uniswap

• connecting their wallets

• swapping one dog coin for another

The best thing about this? 🤩

Uniswap’s MAUs is only increasing since the bottom of the bear market back in November 2022.

🗓️ July 2022 – 250k MAUs

🗓️ November 2022 – 400k MAUs

🗓️ January 2023 – 600k MAUs

🗓️ May 2023 – 950k MAUs

Check it 👇

🛠 Resourcewala: Play Your Cards Right

Ever heard of the poker face? Turns out, it’s not just handy for bluffing over a card game, but it’s quite the game-changer in crypto too. 😎

The world of poker is no stranger to strategy, risk, and reward...sound familiar? Well, that’s the crypto universe for you, baby! 💪

Seems far-fetched? Nah fam, today’s resource breaks it down for you:

• Poker and Crypto: Twins separated at birth?

• 17 lessons that poker has up its sleeve for the crypto enthusiast

• The REAL unfair advantage you're missing out on.

🍼 Doodhshots: Japan Gets Strict

• 🌲 Cabin Coziness: Coliving project Cabin seeks to transplant digital nomads into Mother Nature's lap. Back to the roots, anyone?

• 🔌 SolanaGPT: Solana blockchain rolls out a ChatGPT plugin and fires up an AI accelerator. A smarter chain is coming, folks!

• 💼 Ledger Lows: Ledger CEO admits the journey's been humbling as key recovery rollout hits a pause. Better safe than sorry, Ledger users!

• 🇯🇵 Japanese Justice: Japan's gearing up to clamp down harder on crypto anti-money laundering next month. Kanpai to tighter control, eh?

• 🚔 Croatian Crash: Croatian Bitcoin company crashes and burns with $75m losses, cueing police scrutiny. Secure your crypto, folks!

🤣 Milky Meme Of The Day

If you want more doodh then, be sure to follow our Twitter, LinkedIn, and Instagram.

That’s all for today folks! See ya tomorrow!

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer. None of what you read here is financial advice. We aren’t here to get you to buy or sell crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.

Today’s edition was brought to you by Ritik Gupta and Sumanth

Edited by: Arvind Krishna and Aakash Athawasya