Scammers are launching hundreds of fake ChatGPT tokens to lure crypto punters: CoinDesk

Scammers in the crypto sphere are now issuing fake tokens branded after artificial intelligence chatbot ChatGPT in an attempt to cash in on the AI craze, CoinDesk reports.

The fake tokens are being launched, ed despite having no association with ChatGPT.

CoinDesk reports that hundreds of these sham tokens have been issued in the past few weeks with 132 of them being issued on BNB Chain, 25 tokens on Ethereum, and ten separate tokens on other blockchains, such as Solana, Arbitrum, OKChai,n, and Cronos.

As of press time, there are over 170 ChatGPT-branded tokens issued on decentralized exchanges such as Uniswap and PancakeSwap, data from DEXTools show.

The most popular one has a market capitalization of over $250 million, with over 300 unique holders and $600,000 in liquidity, and is issued on Ethereum. A separate BNB Chain-version has $246,000 in liquidity and a market capitalization of $24 million.

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