An Overview of BingChatGPT Token Scams
According to reports, PeckShield monitoring data shows that there have been dozens of newly created BingChatGPT tokens, three of which seem to be honeypot scam…
According to reports, PeckShield monitoring data shows that there have been dozens of newly created BingChatGPT tokens, three of which seem to be honeypot scams, and two of them have fallen by more than 99%. Deployer 0xb583 has created multiple tokens using the pull up shipment scheme.
PeckShield: There are many BingChatGPT tokens in the market, and you need to be alert to fraud
Interpretation of the news:
BingChatGPT tokens have come under scrutiny following reports from PeckShield monitoring data revealing that dozens of them have been created, with three of them being honeypot scams preying on unsuspecting crypto investors. Unfortunately, two of the scams have already caused losses of over 99% for investors. As such, it’s essential to analyze the BingChatGPT tokens’ current state, how the honeypot scam works, and who the deployer is.
The BingChatGPT token is a utility token that blends artificial intelligence with blockchain technology to enable users to develop their chatbots with ease. The token has a finite supply, and its circulating supply is relatively small, with other Bing-related projects using it as a reward mechanism for their users. However, on the flip side, it has also attracted the attention of scammers who use it to prey on unsuspecting investors interested in crypto.
Honeypot scams refer to specific scams where cybercriminals create a fake coin or token to deceive investors. Investors unknowingly buy this token only for it to plummet in value and leave them feeling scammed. This type of scam is expertly executed, with the criminals presenting the fake token as a legitimate one, with initial gains expected to lure investors in. In the case of BingChatGPT tokens, three honeypot scams have been identified being propagated by cybercriminals to unsuspecting investors.
The deployer behind these scams is 0xb583, who uses a pull-up shipment scheme to propagate the scam further. Using this method, 0xb583 tricks investors into buying the fake token by creating multiple BingChatGPT tokens to give the illusion of liquidity, even though none of them are actually traded on any exchange. As such, the scammer can lure investors into buying the token, promising them lucrative gains only to leave them holding massive losses as the token plummets in value.
In conclusion, the rise of BingChatGPT token scams preying on unsuspecting investors is worrying. Therefore, investors must conduct due diligence, thoroughly researching any token they plan to invest in using legitimate sources. Additionally, always be on the lookout for red flags, such as unrealistic earning potential and the lack of an exit strategy for the token. With these measures, investors can minimize the risk of falling prey to the BingChatGPT scam and other similar scams in the future.
Word count: 401
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/1832.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Decentralized Storage Project Olympus to Purchase More Ethereum to Support OHM Tokens
According to reports, the decentralized storage project Olympus will purchase more Ethereum to support its OHM tokens after members approve the new reserve vault framework on Frida
-
Helika Secures $4 Million Financing for Web3 Game and NFT Analysis Platform
It is reported that Web3 game and NFT analysis platform Helika completed a financing of US $4 million, Diagram Ventures led the investment, and Distributed Cap…
-
Tightening Regulation on Cryptocurrency Businesses in the US
According to reports, the Financial Times believes that US regulators have taken action to tighten controls on financial institutions\’ cryptocurrency related businesses. In January
-
What is ledger lines
what is ledgerx According to official news, ledgerx is a distributed electronic wallet based on Ethereum network, supported by ledgerinx LedgerX is a fundamental platform that allows users to engage in digital currency transactions, transfers, storage, and other services without any third-party licenses. Through this technology, we have achieved one click creation, management, and sending of encrypted assets. At the same time, it also allows people to use their own digital currency (Ledger) to pay for goods and services. In addition, with the continuous development of technology, multiple enterprises are currently developing LED solutions, including IBM, Amazon, and Microsoft LED linesAccording to Bitcoin exchange guide, LED line has announced a partnership with global communication technology providers to launch the readable file sharing application Ledger Lines. . The platform aims to store enterprise data on public networks through ledger lines, enabling customers and businesses to use their own information faster and more cost-effectively. LED said that these products can be transmitted…
-
XRP Tokens Rise More Than 20% Following Reports of Possible SEC Case Win
According to reports, XRP tokens have risen by more than 20% in the past 24 hours after reports on Tuesday that Ripple may be able to win its case with the Securities and Exchange
-
The Battle of Voyager’s Assets: United States Department of Justice vs. Binance.US
According to reports, after the District Judge Jennifer Rearden of the Southern District Court of New York approved the plan proposed by the United States Department of Justice to
-
Celsius Cryptocurrency Settlement: What You Need to Know
On March 29, the Official Committee of Unsecured Creditors of Celsius (UCC) tweeted that Celsius, UCC, and the Account Retention Team had reached a settlement agreement to provide
-
Bitfinex set to launch BRISE, a new native token
According to the official announcement, Bitfinex will launch the Bitgert native token BRISE. Bitfinex will open its BRISE recharge service around 10:00 UTC (18:00 Beijing time) on
-
ARK Fund reduces GBTC holdings by over 296,000 shares amid price slump
According to reports, ARK Ark Fund position data shows that from February 1, 2022 to now, ARK Fund has reduced its holdings of 296694 grayscale GBTC shares. At current prices, the value is approximately $4.5777 million. As of Friday’s close, GBTC closed at $15.43. ARK Fund has reduced its holdings of nearly 300000 GBTC shares since February 1 Analysis based on this information:Reports show that ARK Ark Fund, a well-known investment firm focused on innovative technologies, has decreased its holdings of grayscale GBTC shares by over 296,000 since February 1, 2022. Based on current market prices, the estimated value of these shares amounts to approximately $4.5777 million. This move is particularly interesting since ARK Fund had been increasingly bullish on Bitcoin in the past, but has recently reduced its exposure to the cryptocurrency. The Grayscale Bitcoin Trust (GBTC) is one of the most popular investment vehicles for Bitcoin exposure in the traditional financial space. GBTC shares are a way for…
-
The Emerging Trend of Blockchain Innovation in Hong Kong
12: 00-21:00 Keywords: Hong Kong, Sei Labs, Shapella, FTX
Important updates on the evening of April 12th
If you\’re keeping an eye on blockchain innovations, you\’ll know that Hong K