Fact Check: Has ChatGPT Released Its Native Cryptocurrency Token?

Lavina Daryanani
Source: IndustryWired

Recently, Microsoft integrated OpenAI’s chatbot technology into its native Bing search engine. This was done to make it better at addressing users’ queries. However, people from the space have been quite skeptical about the same.

Elon Musk, for instance, claimed last week that the ChatGPT-based Microsoft Bing AI is not safe and should be shut down. He agreed that the system is “behaving psychotically” and “telling users lies.” He further opined that Bing’s ChatGPT sounded “eerily like” artificial intelligence that “goes haywire and kills everyone.” Alongside, Dogecoin founder Billy Markus recently labeled one of the bot’s responses as “hilariously demented.”

Read More: ChatGPT-based Microsoft Bing AI Is Unsafe, Should Be Shut Down: Elon Musk

Fake BingChatGPT tokens are now being created

Now, with the popularity rising, perpetrators have been taking undue advantage. Blockchain security and analysis firm PeckShield recently detected “dozens of newly created” BingChatGPT cryptocurrency tokens.

Out of the ones identified, it revealed that three were likely honeypots and two carried quite high sell taxes. Furthermore, PeckShield alerted users by bringing to light that two of them have already dropped over 99%. It added,

“Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme.”

Notably, the aforementioned rugpull address has created tokens incorporating trending names and phrases like Musk and Dogecoin.

Well, creating a new cryptocurrency is not that tedious. As a result, new launches pertaining to ongoing trends keep taking place. When the Will Smith Oscar assaulted Chris Rock at the Oscars, a brand new token called Will Smith Inu was put to sea. Similarly, when the Squid Game hype was at its peak, a cryptocurrency dedicated to the same was launched.

Meanwhile, perpetrators took advantage of Solana-based meme coin Bonk’s popularity and appeal among community members, and created an allegedly fake token with the same name on Polygon. Users took to Twitter to explicitly claim that the project was a rug pull, for its price nosedived by ~97%.

Read More: Did Solana-based ‘Bonk’ Drop By 97%?