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June 04, 6:37 am

Scam ChatGPT-Style Web3 Firm's Press Release Was Auto-Scraped Into Bloom...
OpenAI's sensational chatbot service ChatGPT has taken the world by storm. This explosion of interest has translated into a proliferation of new apps that trick users with savvy ads before rug-pulling them. In the latest development, a ChatGPT-style Web3 firm BlockGPT has been confirmed to have carried out a rug pull, stealing $256,000 in pre-sale funds. Bloomberg has now come under fire for lack of a proper disclaimer after a paid press release of the scam project made it to its website. BlockGPT Scam The blockchain security firm CertiK confirmed that the recently launched Web3 company - BlockGPT - is a scam. The rug pull claims were further validated by PeckShield, which revealed that over 800 BNB raised in a presale contract have been deposited into Tornado Cash. Earlier this month, BlockGPT pushed out a press release outlining its vision to create a ChatGPT-style artificial intelligence system on the blockchain. Unfortunately, the press release, which was originally delivered via Globenewswire, was then auto-scraped into Bloomberg. It is important to note that the article published on Bloomberg had very few signs that could have helped readers identify it as a paid press release and not news. In fact, the press release on the website had no clear disclaimer or 'Paid' content ... read More

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