During the hype surrounding AI technology, scammers have created dozens of BingChatGPT tokens to defraud investors.
Scammers have used a variety of methods to defraud investors, including honeypot mechanisms, pump-and-dump schemes, and high sell tax.
According to the PeckShield report, it has discovered dozens of BingChatGPT tokens, three of which appear to be honeypots and two of which have a high sell tax.
Furthermore, PeckShield revealed that two of the tokens have already dropped by more than 99%.
Also, the tweet detailed that Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme.
The report details that these tokens were deployed on the Ethereum and BNB Chain networks.
The name of the token could be an attempt to trick victims into believing they are affiliated with Microsoft.