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Investment scams related to artificial intelligence have become prevalent, with scammers taking advantage of people's interest in AI and new technology.
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Counterfeit tokens bearing the AI chatbot's name have recently been released, including hundreds on various blockchain networks.
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Scammers are using ChatGPT's popularity to generate quick cash, with some tokens named "BingChatGPT" being used to propagate fraud.
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PeckShieldAlert, a security analysis platform, has uncovered thousands of these fraudulent tokens.
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Some of these tokens are honeypots, which are smart contracts that pretend to leak their funds to a random user if that person pays extra coins to the honeypot.
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Two of the fraudulent tokens have a high sell tax, which is the amount of money illegally taken from the sale of a token via a malicious smart contract.
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The fake tokens have been released on various blockchain networks, including BNB Chain, Ethereum, Arbitrum, Solana, OKChain, and Cronos.
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People should be cautious when investing in AI-related cryptocurrencies and should do their research before investing.
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The increasing popularity of cryptocurrencies has led to a rise in investment scams, and people should be vigilant in protecting themselves from fraud.
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Security analysis platforms like PeckShieldAlert play a crucial role in identifying and exposing fraudulent tokens and helping to protect investors from scams.