The Chinese artificial intelligence model Deepseek is of great interest in crypto currency and web3 communities thanks to its low GPU costs and superior performance. However, these popularity attracted the attention of fraudsters and exploits the increasing recognition of the model with fake tokens and fraudsters websites.
Deepseek popularity opened the door to fake coins
Deepseek is in everyone’s language. The Chinese artificial intelligence model has attracted the attention of the entire Web3 community, especially the crypto currency community, as it has left behind US -based artificial intelligence projects with its attractive cost and quality. However, the latest reports show that the low GPU model of fake tokens and fraudulent sites benefited from increasing popularity among crypto currency enthusiasts.
Despite Deepseek’s success, the platform does not have any official crypto currency or crypto industry. Despite this, scammers are trying to deceive investors using the increasing popularity of the model. According to the security firm Blockkaid reports, at least 75 counterfeit Deepseek tokens were created in Ethereum and Solana networks. These tokens are designed to look like legitimate projects and target investors who want to benefit from Deepseek’s success.
Scammers use two main strategies to deceive crypto investors:
- They make a fake token: Fake tokens are on the market and aimed to benefit from Deepseek’s popularity.
- They create fake websites: These fake sites direct users to connect their wallets. After the wallet is connected, the scammers quickly empty users’ assets.
The Effect of Trump and Mellanie Tokens
Making basic analysis and doing detailed research before entering the market is critical to detect and prevent such traps. The launch of breast coins such as $ Trump and $ melania has indirectly contributed to the increase in frauds. These projects facilitated the spread of fake tokens by strengthening the perception that large developments are generally associated with token launch.
Platforms like Uniswap and Dexscreener have developed filters to detect and prevent fake tokens. However, experts, scammers continue to find new deficits, these measures are not enough, he says. The increase in frauds linked to Deepseek reunited the debates on the crypto community and the arrangement of decentralization and regulation. While decentralization continues to be a fundamental principle of crypto currencies, creating a safe and free ecosystem will require a sensitive balance between freedom and control. Time will show what kind of developments in Deepseek in the coming period.
