Fortune’s report on February 6, 2024, drew attention to the rise of OnlyFake, an online platform that specializes in creating remarkably authentic counterfeit identification documents. These fake IDs have the potential to outsmart the stringent know-your-customer (KYC) procedures employed by cryptocurrency exchanges such as OKX. The report delves into the owner’s statement, revealing that these impeccably crafted forgeries are so convincing that they can even deceive prominent payment platforms like PayPal, as well as other platforms that mandate ID uploads for user registration.
