A project that calls itself “powered by artificial intelligence” steals $1 million from consumers

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  • Due to ChatGPT v4’s demonstration of its capabilities, artificial intelligence (AI) has recently gained popularity. Nevertheless, a project that calls itself a “AI-based” decentralized application has allegedly defrauded its customers out of approximately $1 million.

Harvest Keeper has been accused of stealing almost $933,000 in user assets, according to blockchain security company CertiK. Also, according to CertiK, users on the Ethereum, BNB Chain, and Polygon networks have lost about $219,000 due to ice phishing transactions. The security company advised users to withdraw their authorization from the project and issued a warning to stop using its website.

The AI project Harvest Keeper claims to “optimize the trading process for maximum payment” and guarantees a 4.81% return on user investments. The platform advertises a 101% return on investment within 21 days and an 8% referral bonus on its website. On Twitter, the initiative has close to 30,000 followers, while its Telegram channel has more than 32,000 subscribers.

In the meantime, scores of accounts purporting to be associated with “CryptoGPT” have appeared on Twitter as the ChatGPT buzz reappeared there. On March 10, the hashtag “CryptoGPT” linked to a cryptocurrency project was trending on Twitter. With it, a number of related accounts have appeared, some of which advertise fraudulent freebies. Several Twitter accounts with the same name have also been a problem, some of which advertise giveaways and airdrops that are perhaps phony.

Several people wondered if ChatGPT may ultimately replace developers after the most recent version demonstrated that it could audit smart contracts on Ethereum. Blockchain developers, however, expressed confidence that the new version of the well-known AI tool will not replace developers at the recent ETHDubai event.

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