Blockchain security firm SlowMist found a growing number of people lost funds to fake trading bots that use OpenAI’s ChatGPT in the name to build legitimacy.
An increasing number of users are falling victim to an old trading bot scam that’s been rebranded to take advantage of the hype around artificial intelligence, says blockchain security firm SlowMist.
In an Oct. 13 Medium post, SlowMist said cybercriminals have adapted to trending topics by using OpenAI’s ChatGPT in the name of their scam bots in a bid to take advantage of the current AI hype.
The fake bots used to be marketed as a “Uniswap Arbitrage MEV Bot” but they’ve now rebranded to a “ChatGPT Arbitrage MEV Bot.”
