Is CryptoGPT A Scam?

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CryptoGPT has recently been the talk of the town, which claims to be an AI-based platform that uses blockchain technology.

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However, certain red flags point towards CryptoGPT being scam. For instance, the network was launched in January 2023 and already claims to have 2 million users.

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The firm’s Twitter account is currently at 243.6K followers, but the account hasn’t been verified yet.

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The firm raised a Series A investment three months in at a whopping $250M valuation, led solely by DWF, which in itself is a huge red flag.

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The management behind CryptoGPT is quite shady as well. Art Bagdonas, the ecosystem lead at CryptoGPT, has nearly zero online presence.

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Jamila Jelani’s role suspiciously shifted to ‘marketer’ from ‘Founder and CEO’, and she has completely vanished from the site now.

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While it is still uncertain whether this is a legitimate project, the aforementioned angles have certainly sown seeds of suspicion among investors.

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