Blockchain security company PeckShield issued an alarm when it found dozens of tokens known to be related to ChatGPT, a conversation robot encouraged by artificial intelligence (AI).

In a post on February 20th, the company mentioned that at least three "BingChatGPT" tokens may be part of Honey Badger's plan-a smart contract to cajole customers into pushing ETH, which is then snared and retrieved by cyber attacks.

According to PeckShield, at least two identified tokens have already lost nearly 100 per cent of their value, while the third token has lost 65 per cent of its value-this is often referred to as a "pumping dumping" plan or "blanket pull".

The sale plan generally involves the founder's plan to plan a series of false statements and hot topic activities to persuade investors to buy tokens, and then secretly sell their stake in the plan when the price goes up.

At least one villain behind the tokens, Deployer 0xb583, is responsible for producing "dozens of tokens with pumping and dumping plans," PeckShield said.

Although PeckShield does not explain why the villain uses BingChatGPT as his token, the fraudster is likely to try to use OpenAI's ChatGPT technology to be integrated into Bing and Microsoft's Edge web browser.

The name of the token is mainly to deceive victims into thinking that they have a connection with Microsoft and to talk about robot hotspots closely around artificial intelligence technology.

Blockchain technology analysis company Chainanalysis recently pointed out in a report on February 16 that nearly 10, 000 new tokens issued in 2022 have the chain characteristics of all pumping dumping strategies.

According to the analysis of enterprise information based on blockchain technology, 1.1 million tokens were online last year, but only 40521 tokens were harmful to the "login password ecosystem". There were at least 10 swaps in the four-day trading process in the week after launch.

"of the 40521 gold coins launched in 2022, 9902 (24 per cent) fell in prices in the first week, which means possible pumping and dumping-themed activities," the company said. "

Although the price reduction itself does not indicate that the founder of the token committed any wrongdoing, the company stressed that in particular, they looked at 25 tokens and found that "they are basically no doubt tailor-made to inhale and dump" and contain malicious honey badger code. prevent new customers from selling tokens.