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Strengthening User Security with AI-Powered KYC


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For those who are familiar with how far and realistic deefake has become, they will understand why Bitget is taking an urgent stand against deepfake fraud with the adoption of a new AI-powered KYC system. Basically, this move comes in response to a surge in sophisticated AI-generated fake identities being used to steal crypto assets.

Deepfakes pose a serious threat, with a 217% increase detected in the crypto sector alone in the first quarter of 2024. To combat this, Bitget has partnered with Sumsub, a leading KYC provider. This partnership reflects Bitget's commitment to user safety, a core principle of their "Users First" initiative.

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I believe Bitget is a frontrunner in user protection, consistently implementing innovative solutions. They proactively keep users informed about potential security risks, as evidenced by their recent notice regarding the malicious browser extension AggrTrade.

"We urgently need new industry safety standards," says Gracy Chen, the new Bitget CEO. Through collaboration with Sumsub, Bitget aims to develop new security measures and share data to enhance user protection across the entire crypto ecosystem.

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This is nice, Bitget's proactive approach to tackling deepfake fraud is commendable. By adopting an AI-powered KYC system in collaboration with Sumsub, they are addressing the growing threat of AI-generated fake identities, which have surged by 217% in the crypto sector in the first quarter of 2024. This move highlights Bitget's commitment to user safety, a core principle of their "Users First" initiative.

Gracy Chen, the new Bitget CEO, emphasizes the need for new industry safety standards. Bitget's partnership with Sumsub is a significant step towards developing robust security measures and sharing data to enhance user protection across the crypto ecosystem. This initiative, along with their recent alert on the malicious browser extension AggrTrade, showcases Bitget as a leader in user protection and innovation.

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Deepfakes are a scary threat, and Bitget's move to AI-powered KYC with Sumsub is a big step forward for user safety in crypto. Their "Users First" approach is commendable, especially with proactive warnings like the one about AggrTrade. Bitget's CEO is right - industry-wide standards are crucial. By collaborating and sharing data, they can make the entire crypto space safer.

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