Scam ChatGPT Tokens Hit the Crypto Market — What You Need To Know

Vignesh Karunanidhi
ChatGPT Can Now Browse The Internet
Source: Baotintuc

ChatGPT, based in Texas, has gained prominence for its ability to provide quick and precise responses to user queries. Users have been astounded by the platform’s remarkable ability to construct coherent and factual sentences, earning it widespread popularity.

However, scammers are taking advantage of ChatGPT’s popularity to make quick bags. Security analyst platform PeckShieldAlert has recently identified dozens of new tokens, named BingChatGPT tokens, which are utilizing the name ChatGPT to spread scams. Out of these, three of the crypto tokens appear to be honeypots, and two of them have high sell tax.

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Source: Công dân khuyến học

Scammers unleash fleets of fake ChatGPT tokens

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

ChatGPT has created headlines for its abilities and also earned the title of the fastest-growing consumer app in history.

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The soaring popularity has definitely attracted the attention of scammers. The cryptocurrency realm also witnessed the highest number of scams and hacks in 2022. This is mainly due to the fact that the popularity and adoption of cryptocurrencies are on the rise.

However, investors should be wary of these fake tokens trying to impersonate ChatGPT as well as other trending projects. It is always advised to never fall prey to FOMO and DYOR.